$PEPE #PEPE
Here's a quick technical analysis of the PEPE/USDT chart (1-hour timeframe):
---
🔍 Current Price:
0.00000949 USDT (down 5.48%)
---
📉 Price Action:
Trend: Still in a short-term downtrend (lower highs and lower lows).
Last Support: 0.00000937 (recent low).
Resistance Zone: Around 0.00000990 – 0.00001024.
---
📊 Indicators:
🔸 Bollinger Bands (20, 2):
Price is near the lower band, showing oversold pressure.
Mid-Band (MA): 0.00000971 – acts as short-term resistance.
🔸 MACD:
Histogram is slightly less negative, indicating momentum weakness in the downtrend.
MACD Line: -0.00000001
Signal Line (DEA): -0.00000009
Suggests potential for bullish crossover, but not confirmed yet.
🔸 RSI (6):
RSI is 35.21 – approaching oversold territory, may signal bounce/reversal if buying volume picks up.
---
📦 Volume:
High trading activity (172.80M USDT volume).
Suggests strong interest, but current direction is bearish.
---
🧠 Summary / Strategy:
Factor Signal
Trend Bearish
RSI Near Oversold
MACD Weakening Bearish Momentum
Bollinger Near Lower Band
Volume High
Short-Term Bias: Cautiously Bearish
Watch: If price holds above 0.00000937, we could see a relief bounce.
Break Below 0.00000937 = More Downside
Break Above 0.00000971 = Bullish Signal
---
Would you like a forecast or trade suggestion based on this setup?
