$PEPE #PEPEโ€

PEPE/USDT Technical Analysis (1H Chart)

As of 2:35, here's a breakdown of the chart:

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๐Ÿ“‰ Price Action

Current Price: 0.000000909 USDT

24h Change: โ–ผ 9.28%

24h High/Low: 0.000001007 / 0.000000892

Trend: Clearly bearish with consistent lower highs and lower lows.

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๐Ÿ“Š Technical Indicators

1. Bollinger Bands (20, 2):

Upper Band (UP): 0.000000974

Middle Band (MB / SMA20): 0.000000936

Lower Band (DN): 0.000000898

๐Ÿ”ป Price is hugging the lower band, suggesting strong downward momentum or a possible oversold condition.

2. MACD:

MACD Line & Signal Line: Both negative, indicating bearish momentum.

Histogram: Still below zero, but starting to narrow, which may signal loss of selling pressure.

3. RSI (6):

Value: 26.64

โš ๏ธ This is in oversold territory (<30) โ€” a potential for short-term bounce or relief rally.

4. Volume:

Volume Spike: Noticeable on recent candles โ€” indicating strong selling activity.

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๐Ÿ” Observations

A sharp breakdown from 0.000000985โ€“0.000000951 area.

Support: 0.000000892 (tested twice).

Resistance: 0.000000918, followed by 0.000000951.

Moving Averages: Price remains below both short-term and medium-term MAs โ€” further confirming the downtrend.

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๐Ÿง  Strategy Suggestions

Short-Term Traders:

Consider waiting for a confirmation bounce from support (0.000000892).

Watch for RSI crossing above 30 and MACD histogram flipping positive as re-entry signs.

Swing Traders:

Wait for a higher low and higher high formation to confirm a trend reversal.

A break above the middle Bollinger band (~0.000000936) could mark a potential shift in momentum.

Risk Alert:

Current market sentiment appears bearish.

Any long positions should have tight stop-losses under recent low (0.000000892).

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