#HotTrends
Technical analysis of PEPE/USDT
data
Date: March 14, 2024
Time: 1:25 PM (EET)
Platform: Binance
Current price: 0.00000996 USDT
Highest 24 hours: 0.00001084 USDT
Low 24 hours: 0.00000837 USDT
24-hour volume: 135.29T PEPE (1.32B USDT)
Technical indicators
MACD Indicator: A bearish cross, indicating a possible price decline.
RSI: 33.94, indicating oversold area.
Stochastic Indicator: High K and D values indicate a possible price reversal.
Order Chart: Buy orders exceed sell orders, indicating buying pressure.
Analysis
The PEPE/USDT pair is currently facing downward pressure, as evidenced by a bearish MACD crossover and the RSI rising into the oversold territory. However, buy orders outnumber sell orders on the order chart, indicating potential buying pressure.
Expectations
The price of the PEPE/USDT pair is likely to decline in the short term, with a possible test of the support level at 0.00000983 USDT. However, buying pressure from the order chart may push the price higher again.
The strategy
Bear Scalping: Investors who expect the price to fall can open a short trade at resistance levels.
