📈 1. Price and Recent Performance
- Current Price: PEPE
- $0.00001022, with a daily increase ranging from +2.40% to +3% over the past 24 hours.
- Market Cap: $4.31 billion, with a 24-hour trading volume of approximately $722 million.
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📉 2. Key Technical Indicators
- General trend:
- Neutral to slight buy:
Buy (10 buy signals vs. 7 sell).
- Moving Averages (MA):
- Dominance of buy signals:
- Exponential Moving Averages (EMA) for 10, 20, 50, 100, 200 days all indicate strong buying.
- Simple Moving Averages (SMA) for 30, 50, 200 days indicate selling.
- Oscillators:
- Mixed signals:
- RSI (14): at 53.33 (Neutral).
- Stochastic RSI (14): at 27.84 (Sell).
- MACD: Neutral signal or slight buy.
- ADX (14): at 31.33 (Buy signal).
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⚖️ 3. Support and Resistance Levels
| Level | Price (USD)
| Resistance (R1) | $0.00001035 |
| Resistance (R2) | $0.00001046 |
| Resistance (R3) | $0.00001055 |
| Support (S1) | $0.00001015 |
| Support (S2) | $0.00001006 |
| Support (S3) | $0.00000995 |
- Note: The current price ($0.00001022) is close to the key pivot point ($0.00001026), reinforcing short-term neutrality.
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⚠️ 4. Recommendations and Risks
- Immediate recommendations:
- Buying at support: Entering at $0.00001006 (S2) or $0.00000995 (S3) to target $0.00001035 (R1).
- Exit at resistance: Partial sell at $0.00001046 (R2) due to expected selling pressure.
- Main risks:
- High volatility: Daily price volatility reaches 5%, significantly influenced by market news and 'whale' activity.
- Timeframe: Technical signals are mixed between short-term (neutral/buy) and medium-term (bearish).
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💎 Summary
- Immediate trend: Neutral with a slight buying bias, especially if the price stays above $0.00001006.
- Optimal scenario: Breaking resistance at $0.00001035 could push the price to $0.00001055.
- Warning: Avoid large positions without a stop loss due to market volatility, and monitor momentum indicators like RSI and MACD to ensure the bullish momentum continues.
#TrendTradingStrategy