$PEPE #PEPE
PEPE/USDT – 4H Technical Analysis (as of current chart)
Price: 0.00000938 USDT
Down -4.58% over the past 24 hours.
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🔍 Indicators Breakdown:
1. Bollinger Bands (20, 2):
Upper Band: 0.00001018
Middle Band (MA20): 0.00000967
Lower Band: 0.00000917
Interpretation: Price is below the middle band and nearing the lower band — suggesting bearish momentum but approaching a potential support zone.
2. RSI (6):
Value: 28.7
Interpretation: Oversold territory (<30) – this can signal a potential short-term bounce or reversal, but further confirmation is needed.
3. MACD:
MACD Line: -0.00000005
Signal Line (DEA): -0.00000007
Histogram: Negative and growing
Interpretation: Bearish momentum is increasing, but a bottom could be forming if the histogram starts to shrink.
4. Volume:
Volume recently spiked during the peak candle at 0.00001049, followed by declining candles – likely indicating profit-taking or distribution.
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⚠️ Market Structure:
Recent High: 0.00001049 (quick wick with rejection)
Support Zone: Around 0.00000917 – lower Bollinger Band and previous support zone
Resistance Zone: 0.00000967 (mid-band) and then 0.00001018
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✅ Bullish Signs:
RSI near oversold
Approaching lower Bollinger Band (potential bounce area)
❌ Bearish Signs:
Continuous lower highs and lower lows
Bearish MACD crossover and growing red histogram
Price below mid-Bollinger band and losing volume
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📌 Conclusion:
PEPE/USDT is showing short-term weakness, and is testing support around 0.00000917–0.00000938. A bounce is possible, but momentum indicators are still bearish. Caution is advised. Wait for RSI to reverse and MACD to flatten or cross for safer entry confirmation.
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