$PEPE #PEPE
PEPE/USDT – 1H Technical Analysis
Current Price: 0.00000975 USDT
Change: -8.02%
Timeframe: 1-Hour
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🔍 Key Observations:
📉 Price Action:
PEPE has dropped to its 24H low at 0.00000975, which is also the current price.
Price is hugging the lower Bollinger Band, indicating persistent bearish pressure and potential oversold conditions.
📊 Bollinger Bands (20, 2):
Upper Band: 0.00001049
Middle Band (MA): 0.00001009
Lower Band: 0.00000970
Price is trading below the middle band, very close to the lower band, signaling downward volatility and lack of bullish momentum.
📉 MACD:
MACD Line: -0.00000005
Signal Line (DEA): -0.00000003
Histogram: Negative and increasing slightly in red bars → Bearish momentum is still present, though weakening slightly.
📉 RSI (6):
RSI is at 24.28 → firmly in the oversold zone.
Suggests price could be due for a short-term rebound or consolidation, though not guaranteed.
📉 Volume:
24H Volume: 21.33T PEPE / 219.26M USDT
Recent hourly volume appears to be declining, indicating weakened trader interest or consolidation near this level.
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🔮 Conclusion:
Bearish Bias remains strong, with price stuck at its intraday low.
Oversold RSI and price near lower Bollinger Band hint at a potential short-term bounce or sideways movement.
However, unless the price can reclaim the 0.00001000–0.00001009 zone, trend remains bearish.
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⚠️ Short-Term Levels to Watch:
Support: 0.00000970 (Bollinger lower band), then 0.00000935
Resistance: 0.00001000 (psychological), 0.00001009 (middle Bollinger), then 0.00001049
Would you like a prediction for the next few hours or an entry/exit strategy suggestion?