$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?