$PEPE Eyes Rebound as ley levels approach – Bullish breakout ahead?
$PEPE is showing signs of consolidation with a potential for a bounce. On the short-term chart, the price hovers near the lower Bollinger Band at $0.00000693, while the RSI at 41.08 hints at an oversold condition. A bounce could be on the horizon with the Stochastic Oscillator at 7.69 suggesting a short-term recovery.
On the hourly chart, $$PEPE holding neutral with the RSI at 50.58 and the price near the SMA_20, signaling indecision but a potential breakout above $0.00000700.
On the daily chart, PEPE shows a bearish trend with the price below both the SMA_10 and EMA_10, and the MACD is negative at -0.00000046, though the RSI at 40.81 hints at nearing oversold levels.
Consider entering if PEPE beaks above $0.00000700, targeting $0.00000715, with a stop-loss at $0.00000690. For a bearish scenario, a short entry below $0.00000695 could target $0.00000685, with a stop-loss at $0.00000705.
**Note: All indicator readings are as per the publish time of this analysis. Exercise caution and do thorough research before making trading decisions.
