Analysis date: May 7, 2025
Price at publication: $0.00000817
Daily change percentage: +4.06%
Highest price today: $0.00000822
Lowest price today: $0.00000764
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📢 Most important news:
PEPE coin is experiencing increased interest following controversial statements from US President Donald Trump regarding organizing a special dinner for meme coins, which sparked widespread interaction in the crypto community. This event contributed to increasing momentum around PEPE coin, especially with expectations that it could outperform other meme coins like Shiba Inu and Dogecoin.
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📊 Technical Analysis:
Current support: $0.00000759
Next resistance: $0.00000888
RSI (Relative Strength Index): at 50.65 – indicates moderate positive momentum
MACD: clear bullish crossover on the daily timeframe
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✅ Positive factors and opportunities:
Strong momentum driven by positive news: optimism about recent events boosts demand for PEPE.
Increase in trading volume: a noticeable rise in volume indicates growing interest from investors.
Positive forecasts: some analysts expect continued upward movement if the current resistance is broken.
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⚠️ Risks:
Overbought: the RSI indicator suggests the likelihood of a price correction soon.
Market volatility: the market may experience fluctuations that affect the price of the coin.
Strong resistance levels: the level of $0.00000888 may act as a barrier to further upward movement.
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📌 My personal opinion:
PEPE coin shows strong momentum, but caution is advised due to overbought conditions.
For traders: an opportunity to enter with a stop loss below $0.00000759.
For investors: waiting for confirmation of a breakout at the resistance level of $0.00000888 may be safer.
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