Moving Average Analysis
The short-term MA(7) has begun to slow down after a continuous rise since yesterday, currently hovering around 0.0211, with the price above it, indicating short-term support still exists.
The medium to long-term MAs (30, 100) are gradually narrowing; currently, MA(30) is at 0.02116 and MA(100) is around 0.0205, providing some support for the current price, indicating that the mid-term trend remains slightly bullish but with weak upward momentum.
Monitor whether the price can effectively stabilize above MA(30); if it breaks below, it may test the support of MA(100).
Key Support and Resistance Levels
Current key support: 0.02100 (position of MA(30)) and 0.02050 (position of MA(100)).
Key resistance levels: 0.02170 and 0.02220; if it breaks 0.02220, it may test the previous high of 0.02839.
Volume and Volatility Analysis
Since late December, trading volume has gradually increased, but volatility has weakened, indicating market funds are divided, but there is still a short-term upward intention.
The recent fluctuation range has been relatively narrow; daily volatility between 200-300 points is considered normal.
Other Indicators
MACD shows a bullish cross on the 4-hour chart, indicating a short-term bullish signal.
RSI is in the 50-60 range, indicating that the price is in a balance between bullish and bearish but slightly biased towards bullish.
II. Operational Strategy
Based on technical analysis, the following reasonable operational strategies are recommended:
Opening Position:
It is recommended to open a small long position near the current price (0.02110-0.02120), waiting for confirmation of a rebound signal.
First Take Profit Level:
Target price near 0.02170, appropriate to reduce positions.
Second Take Profit Level:
Target price of 0.02220; if it breaks, hold to observe 0.02250.
Stop Loss Level:
Set below 0.02040, strictly control risk to avoid trend reversal.
III. Summary and Direction Judgment
From the candlestick structure and moving average pattern, PEPE's short-term trend is slightly bullish, but the upside potential is limited; attention should be paid to the pressure breakthrough at the 0.02170-0.02220 range.
If it fails to stabilize above 0.02100, it may continue to test the lower support at 0.02050; it is advisable to cut losses and exit.
Today's operational direction is mainly to open long positions at low levels, but positions should remain flexible, adjusting strategies in a timely manner based on intraday trends.
The above is a short-term technical analysis and operational advice for PEPE. Feel free to continue following Uncle Zhao for more in-depth analysis and practical strategies in the crypto space!#加密市场反弹 #pepe #BIO开盘 #币安Alpha上新 #PEPE $PEPE $BTC $SOL
