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💡 Quick technical analysis:
✅ Sharp correction followed by exciting recovery: After dropping to a low of 0.000000571, PEPE rebounded strongly to reach 0.000000930 before currently stabilizing around 0.000000865, indicating the formation of new support.
✅ RSI at 54.34 – in the mid-range, indicating a relative balance between buying and selling forces. There is still room for further upside before reaching the overbought area.
✅ MACD shows convergence between the DIF and DEA lines, with a potential positive crossover coming soon. This could be an early signal of a new upward wave if confirmed with good trading volume.
✅ Trading volumes are relatively stable, but any sudden spike in volume could be an indicator of an upcoming move, especially with the price moving above the averages MA(5) and MA(10).
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🚀 Expected scenario:
If the nearby resistance area of 0.000000893 – 0.000000930 is successfully broken, the bullish scenario may target:
✅ 0.000000975
✅ 0.000001020
✅ And possibly a retest of the previous peak in the short term.
In case of a decline, the strong support at 0.000000790 will be the first line of defense, and breaking it could temporarily bring the price back to 0.000000711.
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🔥 Is PEPE ready to take off?!
Recent movements suggest the end of selling pressure, and if there is support from liquidity or positive news, we may witness a new bullish explosion!
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📌 Important tips:
🔹 Watch the MACD crossover closely – it could be the beginning of a strong reversal.
🔹 Identify entry and exit points wisely, do not enter the market emotionally.
🔹 Use support and resistance levels to plan your trades safely.
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📢 Share your opinion! Do you expect a near jump for PEPE above 0.000001?!