### đš $PEPE (PEPE/USDT) Drops Below Key Support! đđ„ - 12-Hour Candle Analysis
In today's trading session, PEPE has shown significant movement. Hereâs a quick technical analysis to help you make informed trading decisions.
#### Key Highlights:
1. **Price Movement**:
- **Current Price**: $0.00001429
- **24h High**: $0.00001551
- **24h Low**: $0.00001419
- **Price Change**: -4.73%
2. **Moving Averages (12-Hour Basis)**:
- **7-period MA**: $0.00001476
- **25-period MA**: $0.00001510
- **99-period MA**: $0.00000989
The price is below the 7 and 25-period MAs, indicating a potential downward trend.
3. **Volume Analysis**:
- **24h Volume (PEPE)**: 26.29T
- **24h Volume (USDT)**: 392.70M
- High trading volumes suggest strong market participation and liquidity.
4. **MACD Indicator**:
- **MACD Line**: -0.00000029
- **Signal Line**: 0.000000075
- A bearish crossover suggests increased selling pressure and momentum.
5. **RSI Levels**:
- **RSI (6)**: 37.81
- **RSI (12)**: 48.25
- **RSI (24)**: 55.26
- The RSI is approaching oversold territory, indicating potential for a bounce or reversal.
#### Bearish Outlook:$PEPE
$PEPE shows signs of potential downside with indicators suggesting caution. Watch for confirmation from other indicators and market conditions.
### Stay Informed!
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