Analysis for PEPE/USDT
Things are heading in the right direction
General trend: Clear upward movement after a bounce from the low of 0.00001140 and reaching 0.00001289, followed by a slight correction.
Moving Averages: The price is currently very close to MA(7) and MA(25), indicating a temporary balance, but still above MA(99), which supports the continuation of the upward trend in the medium term.
Volume: Gradual decline in trading volume after the increase, indicating a cooling off in upward momentum.
Resistance: Closest resistance at 0.00001289 (last peak).
Support: Closest support at 0.00001231, then 0.00001198.
🔍 Summary: The trend is currently upward, but there is a possibility of a short correction before continuing the rise, provided that 0.00001198 is not broken.
