๐ก Quick technical analysis:
โ Rocket rebound! PEPE surged strongly from a level of 0.00000805 to 0.00000930, achieving an increase of +12.90% in just 24 hours โ a clear sign of intense buying interest!
โ RSI in the overbought zone! The Relative Strength Index (RSI) is at a level of 90.71 โ this indicates that the market is overbought, which means there is a possibility of a correction soon, but there is also very strong buying momentum!
โ MACD supports momentum! The MACD crossover is positive and shows upward momentum, supporting the likelihood of continued rise in the short term.
โ Breaking important resistance! The price exceeds the level of 0.00000914, which represents the average price over previous periods โ breaking this level could push PEPE to higher levels.
๐ Expected scenario:
If PEPE breaks the resistance area of 0.00000981 (the previous highest peak), we may see a journey towards levels of 0.00001050 or higher! On the other hand, if there is a pullback, the first support is at 0.00000869 and then at 0.00000805.
๐ฅ Is PEPE ready to explode?!
With strong trading and increasing interest, along with news of spending $4.28 million from a controversial entity, it seems there is significant movement coming โ but don't forget that the market may experience sudden corrections!
๐ข My advice to you:
Follow the technical indicators closely, especially RSI and MACD.
Do not invest all your capital โ risk management is essential.
Consider taking partial profits when reaching the next resistance levels.
Do you expect PEPE to surpass the previous peak soon? Share your opinion! ๐๐