Hi everyone, let's break down the PEPE/USDT 1-hour chart. The price is currently stuck in a choppy, sideways consolidation. We can clearly see a defined trading range, with a solid support floor around the 0.00001040 level and a firm resistance ceiling near 0.00001075. The flat MACD and neutral RSI confirm that neither bulls nor bears are in control right now, resulting in this back-and-forth price action as the market searches for its next direction.
From a trader's perspective, the most important virtue in a ranging market is patience. Entering a trade in the middle of the range, where we are now, is a low-probability gamble. The classic strategy here is to "buy support, sell resistance." Therefore, the smarter play is to wait for the price to pull back to the support zone around 0.00001040 and look for signs of a bounce before considering a long position, with the top of the range as the logical target.
For our long-term holders, this period of consolidation is not a cause for concern; it's a normal market phase. In fact, a predictable range like this can be seen as an excellent opportunity for accumulation. Patient holders can use the support level of this range as a strategic area to add to their positions using a Dollar-Cost Averaging (DCA) strategy. Keep an eye on these boundaries, as a decisive break above resistance or below support will likely signal the start of the next major trend. As always, this is not financial advice, so trade wisely.