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$PEPE Analysis of the graph #TradingView of PEPE/USDT
#Coinmarketcap coingec#CoinGecko #TopCoinsJune2024

The price of PEPE/USDT has been in a downtrend since June 1, 2024.

The price fell from a high of $0.00001725 on June 1 to a low of $0.00000266 on June 9.

The price has been consolidating in a range between $0.00001000 and $0.00001500 since June 9.

Technical indicators

Volume: Volume has been decreasing since June 1st. This indicates that there is less interest in the asset.

Relative Strength Index (RSI): The RSI is below 50, indicating that the asset is oversold. This could be a sign that the price is about to rebound.

Possible results for next week

Bearish scenario: If the price falls below $0.00001000, it could continue falling to $0.00000500.

Bullish scenario: If the price rises above $0.00001500, it could continue rising to $0.00002000.

Neutral scenario: If the price continues to consolidate in a range between $0.00001000 and $0.00001500, there is no clear direction for the price.

recommendations

Short-term investors: Short-term investors might consider selling the asset if the price falls below $0.00001000. They could also consider buying the asset if the price rises above $0.00001500.

Long-term investors: Long-term investors might consider purchasing the asset if they believe the price has the potential to rise in the long term.

Please note that this is only a technical analysis and should not be considered financial advice. You should always do your own research before making any investment decisions.

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