Here is the updated technical analysis for the currency $PEPE /USDT
💰 Current price:
0.00000917 USDT
Decrease of -0.86% in the last 24 hours.
📉 The general trend on the short timeframe:
The trend is currently temporarily down with the beginning of an attempt to rebound from the bottom 0.00000902.
📊 EMA moving averages:
EMA 20 = 0.00000922
EMA 50 = 0.00000924
EMA 99 = 0.00000929
🔺 Current price is below all three moving averages → short-term weakness signal, but it is currently trying to break above EMA20, which is positive if it succeeds in closing above it.
🔄 Technical indicators:
✅ RSI indicator:
RSI(7) = 40.72
RSI(12) = 40.87
RSI(24) = 44.08
🔸 Near oversold areas (below 50) → supports the possibility of a coming rebound.
🔄 Stoch RSI:
Low value (19.31) and started to rebound upwards
→ Early positive entry signal on the short timeframe.
💡 MACD:
The difference between the MACD and Signal lines is negative, but there are signs of a positive crossover that may start during the coming candles.
🔻 Support and resistance:
Strong support: 0.00000902 (today's bottom)
Initial resistance: 0.00000930
Next resistance: 0.00000936 (previous higher candle)
📌 Expected scenario:
🔼 If the rebound continues above 0.00000917 and holds above 0.00000922 (EMA20):
The probability of continuing to rise towards 0.00000930 then 0.00000936.
Breaking above 0.00000936 will give a stronger signal to enter a short rebound wave.
🔽 However, if it breaks 0.00000902 again:
We might see a drop to deeper support areas near 0.00000885.
🟢 Technical perspective for trading:
If you are looking for a quick entry:
Best entry area: from 0.00000910 to 0.00000917 provided that it does not break 0.00000900.
First target: 0.00000930
Second target: 0.00000936
Stop loss: clear break below 0.00000900 with a confirmation candle.
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