$PEPE #PEPEโ
Based on the 4H chart of PEPE/USDT, here's a concise technical analysis:
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๐ Price Action
Current Price: 0.00000883 USDT
24H Low: 0.00000830
24H High: 0.00000936
The recent bounce from 0.00000830 shows a short-term recovery attempt after a strong downward trend.
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๐ Indicators
Bollinger Bands:
Price is below the middle band (0.00000959), indicating it's still in the bearish zone.
Slight bounce near the lower band (0.00000845) may hint at short-term support.
MACD:
MACD Line: -0.00000007
Signal Line: -0.00000036
Histogram is slightly reducing on the downside โ early signs of bearish momentum weakening, but no crossover yet.
RSI (6): 31.16
Close to oversold territory (30), showing the asset is near a potential reversal zone, but not confirmed.
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๐ง Sentiment & Volume
Volume: Increasing during the latest green candle โ buyers showing interest at the dip.
Trend: Still bearish overall, but short-term recovery is possible if price holds above 0.00000830.
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โ ๏ธ Key Levels
Support: 0.00000830 (must hold)
Resistance: 0.00000900 โ 0.00000959 (middle Bollinger band)
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โ Summary
Short-Term Bias: Cautiously Bullish (if 0.00000830 holds)
Trend Bias: Bearish until price breaks above 0.00000959
Action: Watch for consolidation or bullish confirmation above 0.00000900 with increasing volume.
Would you like a short-term trade idea or deeper analysis on another timeframe (1H/1D)?
