1. Current situation
The current price is at $0.00000089, which means that the currency has successfully recovered from the previous support levels ($0.00000068) and reached the resistance areas that I had previously identified.
2. Key technical levels now
3. Technical analysis
1. RSI (Relative Strength Index):
The RSI indicator is at approximately 60 points, indicating that the currency is still in a safe and slightly elevated zone, but has not reached overbought levels that may indicate an imminent pullback.
2. MACD (Moving Average Convergence Divergence):
There is a positive crossover for the MACD, indicating strong upward momentum, and we may witness a continuation of the upward trend if prices are maintained above $0.00000080.
3. Volume (trading volume):
A noticeable increase in trading volume has begun to appear during the recent rises, indicating that new investors are entering the currency, which is a positive factor that supports the continuation of the upward trend.
4. Expected scenarios
Positive scenario:
Breaking through the current resistance at $0.00000090 may push the currency to reach $0.00000095 and then $0.00000100.
If more investors enter and interest increases, we may witness a continued rise in price, with greater opportunities for short- and medium-term gains.
Negative scenario:
A drop below the level of $0.00000080 may indicate the beginning of a correction towards other support levels at $0.00000075, but we still have strong support in this area.
In the case of a strong break of this support, the next target will be $0.00000068.
5. Investment plan based on the current situation
6. Additional advice
Capital management: It is essential to use a stop-loss at $0.00000080 to ensure protection against unexpected pullbacks.
Keep an eye on the news: Since PEPE is a meme coin, the market is highly sensitive to news and community trends, so stay updated on any new news that may unexpectedly affect the price.
7. Conclusion
PEPE may currently be in a favorable position for an upward movement after surpassing the current resistance level at $0.00000089.
With upward momentum in technical indicators and high trading volume, there is a significant likelihood that the currency will continue in an upward direction, with targets at $0.00000095 and then $0.00000100.
Risk management is essential in this type of currency due to the significant volatility that may occur suddenly.
