$PEPE #PEPE
Based on the 4-hour chart of PEPE/USDT, here’s a concise technical analysis:
---
Price Action:
Current Price: 0.00000942 USDT
Change (24h): +1.51%
24h Range: 0.00000892 – 0.00000942
Support Zone: Around 0.00000867 (lower Bollinger Band)
Resistance Zone: Around 0.00000969 (middle Bollinger Band) and 0.00000997 (upper Bollinger Band)
---
Indicators Overview:
Bollinger Bands (20, 2):
Price is moving upward from the lower band, approaching the mid-band.
Suggests a potential reversal or bounce-back after recent lows.
MACD:
Histogram turning positive, MACD line slightly crossing above signal.
Indicates bullish momentum building up.
RSI (6):
Currently at 61.11, approaching overbought territory (>70).
Reflects strong buying pressure, but not yet overextended.
---
Volume:
Volume remains solid, with nearly 10T PEPE traded in 24h.
Indicates active interest and decent liquidity.
---
Conclusion:
Short-Term Trend: Bullish momentum forming.
If the price breaks above the mid-Bollinger band (~0.00000969) with volume, a test of the upper band (~0.00000997) is likely.
However, failure to break this resistance may lead to consolidation or a pullback toward 0.00000916 or 0.00000867.
---
Would you like a buy/sell strategy or watchlist alerts setup next?