💡 Quick technical analysis:
✅ Notable rebound!
After dropping to the level of 0.00001095, PEPE has risen again and is currently stabilizing around 0.00001172, showing renewed buying interest after a period of volatility.
✅ RSI is close to the overbought area!
The Relative Strength Index (RSI) is at 67.43, which is close to the overbought area (70), indicating strong momentum but requires caution!
✅ MACD is crossing!
The MACD line has begun to show a slight positive crossover, with a potential rise if buying momentum increases in the coming hours!
✅ High trading volume!
More than 823 billion PEPE have been traded in this hour, indicating unusual movement that may pave the way for a price explosion 🔥
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🚀 Expected scenario:
🔼 If PEPE can break the nearby resistance level at 0.00001187 (highest price in 24 hours), we may see a rise towards 0.00001229 or even 0.00001314 in the coming hours!
🔽 In case of a pullback, the area of 0.00001132 - 0.00001108 may form a strong support that should be closely monitored.
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🔥 PEPE... Does it intend to repeat the madness of 2023?!
With the momentum rising and a lot of talk about meme coins, PEPE may be on the verge of a new wave! Especially with increasing trading volumes and technical indicator signals!
📢 Share your opinion! Do you think PEPE will explode again and reach higher levels? 🚀👇