โ๏ธ $PEPE /USDT Technical Analysis (1H Chart)
๐ Current Price: 0.00001240 USDT (โ6.42%)
๐ Moving Averages:
โข MA(20): 0.00001264
โข MA(50): 0.00001277
๐ Summary of Price vs MAs:
PEPE is currently trading below both short-term (MA20) and mid-term (MA50) moving averages, indicating short-term bearish pressure after failing to hold recent highs.
๐ Market Behavior:
After reaching the peak at 0.00001362, PEPE saw a strong rejection, leading to a pullback towards the 0.00001220โ0.00001240 support zone. The recent candles show indecision, with some buyers stepping in but momentum remains weak for now.
๐ฅ Momentum Snapshot:
โข Selling pressure dominated the last few hours.
โข Volume is decreasing slightly, suggesting potential consolidation or pause in selling.
โข Price needs to reclaim MA20/MA50 to regain short-term bullish momentum.
๐งฑ Key Levels:
โข Resistance: 0.00001264 โ 0.00001277 โ 0.00001362
โข Support: 0.00001220 โ 0.00001177 โ 0.00001139
๐ Summary:
PEPE is under short-term pressure after the recent rejection from 0.00001362. If buyers defend the 0.00001220 zone, a bounce back toward MA20 is possible. A clean break below 0.00001220 could open downside toward 0.00001177.
โ ๏ธ DYOR โ This is not financial advice. Always analyze multiple factors and manage your risk properly before trading.
๐ Do you think PEPE can bounce back or are we heading lower? Drop your view below!
