If you wish to support my work you can: DONATE NOW
1. General Trend: From late September to early October, there was a sharp drop in price, reaching a low around October 2 at 0.00000833 USDT. Then, a recovery period began with a series of higher highs and higher lows.
2. Resistance and Support: The price seems to have stabilized between the 0.00001000 and 0.00001050 USDT levels. There is a clear support level near 0.00000980, which has been tested multiple times without the price breaking through it significantly.
3. Moving Averages (MA): The chart shows two moving average (MA) lines, 7-period and 99-period. The 7-period MA is above the 99-period MA, which generally suggests a short-term uptrend, but recent volatility may change this.
4. Trading Volume: A large spike in volume is seen around October 15, suggesting that there was strong buying or selling activity at that time. These spikes typically indicate significant price movements, whether due to major announcements, position liquidations, or changes in market sentiment.
5. Candlestick Pattern: Throughout the chart, the candlesticks show fast movements with long wicks, reflecting volatility. This is typical for highly speculated cryptocurrencies like PEPE. Traders should be wary of these movements to avoid potential market traps (fakeouts).
In summary, PEPE's recent performance shows a consolidation phase after a bounce from lows. Attention should be paid to the resistance levels around 0.00001050 and the support near 0.00000980, as well as to the trading volume for possible breakout signals.
If you wish to support my work you can: DONATE NOW
