🚀 $PEPE Technical Analysis June 23, 2025: PRICE STANDS AT $0.00000889 WITH BEARISH MOMENTUM 📉
📊 Market Insight • Current Price: 0.00000889 USDT • Moving Averages (MAs) indicate a bearish trend. • Volume has spiked to 121.60M, suggesting strong selling pressure following the recent decline. • MACD shows a bearish trend. • RSI values are in neutral territory.
📊 Important Levels to Watch 🔼 Resistance Levels: 0.00000886 (MA(7)) 0.00000927 (MA(99)) 0.00000936 (24h high) 🔽 Support Levels: 0.00000824 0.00000830 (24h low) 0.00000780
💡 TRADE PLANS: 🐂 Bullish Trade Setup: Breakout above $0.00000927 ☑️ Entry Point: $0.00000940 (enter if price breaks above 0.00000927 with bullish momentum confirmation) 🎯 Price Target: TP1: $0.00000936 TP2: $0.00000960 🛑 Stop Loss: $0.00000920 (below the resistance to manage risk) ⚠️ Confirmation: Look for a strong bullish candle close above 0.00000927, an increase in volume, RSI(6) rising above 70, and MACD showing a bullish crossover with DIF rising above DEA.
🐻 Bearish Trade Setup: Breakdown below $0.00000824 ☑️ Entry Point: $0.00000810 (enter if price breaks below 0.00000824 with bearish momentum confirmation) 🎯 Price Target TP1: $0.00000830 TP2: $0.00000780 🛑 Stop Loss (SL): $0.00000840 (above the current support) ⚠️ Confirmation: Watch for a strong bearish candle close below 0.00000824, a decline in volume, RSI(6) dropping below 50, and the MACD continuing to show a bearish trend with DIF falling further below DEA.
📌 Suggestion to Open Positions Today: A bearish setup appears more probable given the current price drop below key MAs, the bearish MACD signal, and the high volume indicating strong selling pressure. The current price is near the support level at $0.00000824, making it a critical level to monitor. For bullish traders, a recovery above $0.00000927 could signal a potential reversal, but the neutral RSI and persistent bearish MACD suggest caution. Tight stop losses are recommended.
