$PEPE #PEPEโ
Here's a technical analysis of the PEPE/USDT chart (4-hour timeframe):
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๐ Price Action
Current Price: 0.00000979 USDT
24H High / Low: 0.00001049 / 0.00000954
Price had a strong bullish move recently, peaking at 0.00001049, but is now in a pullback phase, finding support around the middle Bollinger Band (0.00000957).
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๐ Bollinger Bands
Upper Band: 0.00001021
Middle Band (20 SMA): 0.00000957
Lower Band: 0.00000893
Price is above the middle band, showing bullish structure, but facing resistance near the upper band region.
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๐ MACD
MACD Line > Signal Line, but the histogram is weakening.
Momentum is cooling off, signaling a possible consolidation or minor correction ahead.
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๐ช RSI (6)
RSI: 51.02
Neutral territory โ not overbought or oversold.
Implies indecision or preparation for the next move (either up or down).
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๐ Volume
Volume remains significant โ could mean accumulation is ongoing.
Check for volume spikes to confirm breakouts.
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๐งญ Key Levels
Resistance: 0.00001021 โ 0.00001049 (recent high + upper BB)
Support: 0.00000957 (middle BB), then 0.00000918 (previous consolidation level)
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๐ Outlook
If price holds above the 0.00000957 zone with renewed volume, a bullish continuation toward 0.00001049+ is possible.
If it breaks below the middle band, it may revisit 0.00000918 โ 0.00000893 support range.
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