Technical Analysis for the PEPE/USD Trading Pair
📊 Technical Analysis:
1. Current Price:
- $0.00000911 (+4.11% in the last 24 hours).
- The price is trading above the 25-day moving average ($0.00000890), indicating a short-term bullish trend.
- However, it is still below the 7-day moving average ($0.00000920), which could pose temporary resistance.
2. Support and Resistance Levels:
- Major Support: $0.00000870 (based on the previous day's low).
- Strong Resistance: $0.00000930 (breaking this may open the door for a stronger rise).
3. Technical Indicators:
- RSI (6): 51.75 → Neutral, does not indicate overbought or oversold conditions.
- MACD: ** The DIF and DEA lines are almost identical (0.00000027), indicating a balanced market condition.
4. Trading Volumes:
- The trading volume reached 193.31 million USDT in the last 24 hours, indicating significant interest in the pair.
🎯 Recommendations:
- Entry: at $0.00000900 with a Stop-Loss** at $0.00000860.
- Targets:
- First Target: $0.00000950.
- Second Target: $0.00001000 if the rise continues.
- Risk Management: Do not risk more than 1-2% of capital on a single trade.
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Remember that this analysis is based on key indicators and not on news that may affect prices