$PEPE #PEPEโ
Here's a technical analysis of PEPE/USDT on the 4-hour timeframe, based on your screenshot:
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๐ Price Action
Current Price: 0.00000961 USDT
24h High/Low: 0.00000965 / 0.00000929
Price is testing the Bollinger Band upper band (0.00000966), indicating potential resistance.
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๐ Indicators Analysis
๐ต Bollinger Bands (20, 2)
Upper Band: 0.00000966
Middle Band (MA): 0.00000935
Lower Band: 0.00000903
โก๏ธ Price is pressing against the upper band, suggesting overbought or bullish momentum.
๐ฃ MACD
MACD Line: Slightly above the signal line
Histogram: Turning green and increasing
โก๏ธ Bullish crossover is confirmed โ suggests growing upward momentum.
๐ก RSI (6)
Value: 71.45
โก๏ธ RSI is in the overbought zone, signaling caution โ a pullback or consolidation might follow unless strong buying continues.
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๐ Volume & Moving Averages
Volume is high (~113.5B), supporting the bullish move.
MA(5): 793B
MA(10): 925B
โก๏ธ MA(5) < MA(10), suggesting short-term pressure remains, but trend could be flipping if price closes above both.
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โ Summary
Bullish short-term structure โ confirmed MACD crossover & RSI breakout.
Price is at a critical resistance (Bollinger upper band + near 24h high).
Next Resistance: 0.00000966 โ 0.00001000
Support Zone: 0.00000935 โ 0.00000918
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๐ What to Watch
If price breaks and closes above 0.00000966 with volume โ potential rally toward 0.00001000+
If rejected at this level โ pullback to mid-Bollinger (0.00000935) is likely.
Let me know if you want the same analysis for a longer timeframe (1D or 1W) or entry/exit strategy suggestions.
