$PEPE

#PEPE Bearish signals 🚦 🔻

💧RSI(6) at 37.79: The Relative Strength Index is below 50, indicating a bearish momentum. This suggests that the selling pressure is currently higher than the buying pressure.

🌲Price Movement: The current price of $0.00000988 is closer to the 24-hour low of $0.00000867 than the high of $0.00001030. This indicates a downward momentum in the short term.

⛅Moving Averages: The short-term moving average (MA(7)) is below the longer-term moving averages (MA(25) and MA(99)). This suggests a bearish momentum, as the short-term trend is weaker than the long-term trend.

🧷Percentage Changes: The negative percentage changes over the past 7 days (-12.18%), 30 days (-29.07%), 180 days (-46.71%), and 1 year (-11.39%) indicate a bearish momentum over these periods.

🪐Volume: The 24-hour volume is significant, with 34.04T PEPE traded. While this indicates active market participation, the downward price movement suggests that the volume is skewed towards selling.

〽️Bearish Strategy:

Sell or Short: Given the bearish momentum signals, it might be prudent to consider selling or shorting PEPE/USDT.

💧Set Stop-Loss: Set a stop-loss order above the recent high of $0.00001030 to limit potential losses if the price reverses.

☄️Monitor Support Levels: Keep an eye on the support levels, such as the 24-hour low of $0.00000867, for potential buying opportunities.

⚕️Disclaimer: Cryptocurrency investments are highly volatile and risky. These suggestions are based on technical analysis and should not be considered financial advice. Always do your own research and consult with financial experts before making investment decisions.