For the Pepe coin
💰 1. Current price and performance
- Current price:
- $0.00001262 (up +9.9% over 24 hours).
- Daily range: between $0.00001146 (strong support) and $0.00001280 (immediate resistance).
- Time performance:
- Weekly: down -8.81% (correction after recent peak).
- Monthly: up +54.40% (strong upward trend).
- Yearly: down -13.81%, but the recent rise reflects a noticeable recovery.
---
📊 2. Key technical indicators
- Overall assessment:
- "Buy" signal (12 buy indicators vs. 6 sell indicators).
- Oscillators: neutral (RSI close to 50, momentum balanced).
- Moving averages: positive in the short term (price above EMA 20, 50, 100).
---
📈 3. Support and resistance levels
- Critical support:
- $0.00001173 (close to today's lowest price).
- $0.00001110 (strong support on a weekly basis).
- Main resistance:
- $0.00001269 (immediate resistance).
- $0.00001303 (breaking it strengthens the upward trend).
- Pivot points:
- Pivot (P): $0.00001206, with resistance R1 at $0.00001269.
---
⚠️ Main risks
1. High volatility:
- Daily price volatility 5.05% (above market average).
- Any negative news may cause a sharp drop (like regulatory statements).
2. Dependence on market sentiment:
- 54.4% monthly rise may be exaggerated (potential correction).
3. Meme coin competition:
- PEPE's performance is linked to Dogecoin and Shiba Inu (shared volatility).
---
📌 Strategic recommendations for today
- Day traders:
- Buy on breakout at $0.00001269 (R1) with a target of $0.00001303 (R2).
- Stop loss: below $0.00001173 (S1).
- Average investors:
- Wait for a test of support at $0.00001110 before entering (reduce risks).
- Warning:
> "Conditions are changing rapidly, use technical analysis with instant market news. Avoid trading with leverage during sharp volatility".
---
Summary
PEPE shows short-term buy signals today, supported by high trading volume and upward momentum, but risks remain high due to market volatility. Recommendation:
- Speculation: good opportunities for short buy trades.
- Investment: wait for a correction towards $0.00001110 for a safer entry.