PEPE Shows Signs of Recovery After Recent Dip
As of 10:57 AM UTC, PEPE/USDC is trading at 0.00000948, marking a +2.16% increase in the last 24 hours. This rebound follows a sharp drop to an intraday low of 0.00000943, suggesting that buyers are stepping back in to support the meme coin after recent declines.
Key Technical Indicators:
15-Minute Chart Analysis: A green candlestick has formed after multiple red candles, indicating short-term bullish sentiment.
Bollinger Bands (20,2):
Upper Band (UP): 0.00000956
Middle Band (MB): 0.00000950
Lower Band (DN): 0.00000944
The current price is trading just above the lower band, hinting at a potential bounce from oversold levels.
Moving Averages:
MA(5): 4.09B
MA(10): 3.13B
An increase in short-term volume supports the idea of a bullish reversal.
Volume Spike: The current trading volume (3.27B) is rising, often a confirmation of price movement strength.
Performance Snapshot:
Today: -0.84%
7 Days: -0.21%
30 Days: -30.85%
90 Days: +33.33%
180 Days: -48.70%
1 Year: -19.59%
Despite the recent downturn over the past month, the +33.33% gain in the last 90 days shows that PEPE still holds long-term potential for swing traders and meme coin enthusiasts.
Investor Outlook: With the price bouncing off local support and bullish volume building, PEPE may be setting up for a near-term rally. Traders should watch closely for a break above 0.00000956 (upper Bollinger Band), which could confirm a stronger uptrend.
šØ Strategy Tip: Use tight stop-losses and monitor volume to confirm any further upward breakout. Meme coins are highly volatile, so quick decisions can make a big difference.