🚀 $PEPE Technical Analysis May 13, 2025: BEARS DOMINATE, TESTING SUPPORT NEAR $0.00001321 🔥
📊 Market Insight
• Current Price: 0.00001321 USDT
• Moving Averages (MAs): The MAs are converging, indicating a possible consolidation phase.
• Volume: 197,028,205.936 is relatively high compared to recent activity, suggesting increased selling pressure or panic.
• MACD: The negative values and the DIF below the DEA confirm bearish momentum, though the narrowing gap hints at a potential slowdown.
• RSI:
RSI(6): 32.02658752
RSI(12): 38.90952836
RSI(24): 45.83878110
RSI values are in oversold territory.
📊 Important Levels to Watch
🔼 Resistance Levels:
0.00001346
0.00001541
0.00001557
🔽 Support Levels:
0.00001278
0.00001234
0.00000950
💡 TRADE PLANS:
🐂 Bullish Trade Setup: Reversal at $0.00001321
☑️ Entry Point: $0.00001330 (enter if price breaks above 0.00001321 with increased volume and bullish confirmation)
🎯 Price Target:
TP1: $0.00001346
TP2: $0.00001541
🛑 Stop Loss: $0.00001278 (below recent support to manage risk)
⚠️ Confirmation: Look for a strong bullish candle close above 0.00001321, a spike in volume, RSI(6) rising above 40, and a MACD bullish crossover where the DIF moves above the DEA.
🐻 Bearish Trade Setup: Breakdown below $0.00001321
☑️ Entry Point: $0.00001310 (enter if price breaks below 0.00001321 with increased volume and bearish confirmation)
🎯 Price Target:
TP1: $0.00001278
TP2: $0.00001234
🛑 Stop Loss (SL): $0.00001330 (above the recent swing high)
⚠️ Confirmation: Watch for a bearish candle pattern (e.g., bearish engulfing), RSI(6) dropping further below 30, and a continued MACD bearish trend with the DIF pulling further below the DEA.
📌 Suggestion to Open Positions Today: The RSI is in oversold territory, and the MACD indicates bearish momentum is slowing, suggesting a potential reversal or consolidation. However, the high volume on the recent drop indicates strong selling pressure. Traders should exercise caution.
#PEPE #dailyearnings #signaladvisor
