$PEPE #PEPE‏

Based on the 4-hour chart of PEPE/USDT, here’s a concise technical analysis:

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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)

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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.

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Volume:

Volume remains solid, with nearly 10T PEPE traded in 24h.

Indicates active interest and decent liquidity.

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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.

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