Will the rise continue or will the opposite happen?!
Here is the analysis:
According to the current picture of the PEPE/USDT currency,
Fundamentals:
Current price: 0.00001099
Rise over 24 hours: +33.37% (very strong rise)
Highest price over 24 hours: 0.00001178 (you are close to it now)
MA60 average: at 0.00001110 (you are just below it now)
Volume: 49.64 trillion PEPE, and 493.24 million USDT (very huge)
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Indicators:
Currency performance:
Today: -3.17% (started to drop slightly after a strong rise)
7 days: +25.03%
30 days: +82.26% (strong upward trend)
90 days: +25.17%
Year: +42.36%
Chart:
The price has dropped after reaching the peak at 0.00001178, and is now in a correction or profit-taking phase.
The price line (yellow) has started to drop below MA60.
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Recommendation:
If you own the currency:
Partial selling now is considered a wise decision as the price has risen 33% in a very short period, and correction signs have started to appear.
If you are thinking of buying:
Do not buy now, wait for a drop or confirmation of a rebound. Entering now is considered a high risk.
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Summary:
If you are currently in profit: Partial or full selling according to your strategy.
Do not buy now, wait for the correction.
#BTCBackto100K
$PEPE