$PEPE #PEPE
PEPE/USDC – 1H Technical Analysis (July 2, 11:40)
Current Price: 0.00001016 USDC
Change: +9.96%
24H High/Low: 0.00001036 / 0.00000916
RSI (6): 85.82 (Overbought)
MACD: Bullish crossover with increasing histogram
Volume: Very strong – momentum confirmed
---
🔍 Key Observations:
Strong Uptrend: Price has broken out sharply, with candles forming far above the middle Bollinger Band (MB) and nearing the upper band (UP: 0.00001013).
Bollinger Bands: Widening rapidly, indicating high volatility and strong bullish momentum.
RSI: At 85.82, which suggests the asset is currently overbought and might be due for a short-term correction or consolidation.
MACD: Bullish histogram bars are growing, showing momentum continuation.
Volume Spike: Extremely high volume backs the move — further validating the breakout.
---
⚠️ What to Watch For:
Immediate Resistance: 0.00001036 (recent high) – price failed to sustain above it.
Support Zone: Around 0.00000983 to 0.00000955 (last consolidation + Bollinger midline zone).
Pullback Risk: Due to overbought RSI, a retracement to the 0.0000098–0.0000096 area is possible.
Continuation Signal: A strong candle close above 0.00001036 with volume would suggest the bull run is still on.
---
✅ Bullish Scenario:
Break above 0.00001036 with strong volume could lead to a next leg toward 0.00001060–0.00001080.
❌ Bearish Scenario:
Failure to hold 0.00001000 may bring a dip toward the 0.00000955 support and possibly 0.00000928.
---
Would you like a short-term strategy or entry/exit suggestion based on this setup?
