I conducted a technical analysis of $PEPE /USDT:
The pair $PEPE /USDT is currently at 0.00000995, showing a slight increase of +0.40%. In the last 24 hours, it has traded between a high of 0.00001016 and a low of 0.00000969, with a high trading volume.
The 1-hour chart indicates that the price is in a consolidation or sideways phase, with no strong directional trend. The exponential moving averages (EMA) are very close to the price and to each other, confirming the lack of a clear direction in the short term. The MACD indicator also shows very weak momentum, suggesting that the market lacks significant driving force.
The key levels to watch are:
* Resistance: Around 0.00001000 and 0.00001016.
* Support: Near 0.00000989 and the low of 0.00000969.
In summary, PEPE/USDT is trading in a tight range. To determine the next direction, it is crucial to observe whether the price breaks decisively above resistance or below support.
