Technical Analysis for Currency $PEPE - Dated May 18, 2025
Current Price: 0.00001338
24-Hour Price Change: +9.67%
Highest Price in 24 Hours: 0.00001425
Lowest Price: 0.00001196
Overall Trend: Upward but starting to show a sharp correction.
Indicators:
The price broke the upper Bollinger band and then strongly retraced down, indicating a natural correction after a rapid upward wave.
Yellow Moving Average (20): Supports the upward trend but has started to flatten, indicating a slowdown in momentum.
Trading volume is high: indicates clear interest from whales and speculators.
Nearest support: 0.00001273 then 0.00001218
Next resistance: 0.00001382 then 0.00001425
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Binance Square Post by: Tradexel_FX
Post Title:
Has PEPE's rise ended? Or is it just a warrior's break?
Content:
PEPE jumped more than 20% in hours, reaching a peak of 0.00001425, then started to retract strongly!
It is now trading at 0.00001338 amid selling pressure and a natural correction after a surge.
Question:
Do you think PEPE will continue to rise and break through 0.00001450?
Or will the drop lead it back to the 0.00001250 areas again?
Tradexel_FX Analysis:
Momentum is still present, but we need confirmation at 0.00001382.
The 0.00001270 area is considered very critical support.
Share your opinion in the comments and vote below!
Vote:
1. Keep rising, PEPE!
2. The party is over, let's go back to accumulation!
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