The coin $PEPE has shown a notable upward movement in recent hours, with the current price reaching 0.00001276, up over +3.82%, amidst strong technical momentum and significant interaction from traders on short intervals.
🔍 General Technical Outlook:
The technical analysis on the 15-minute interval shows control of the upward trend, supported by staying above all important moving averages:
EMA20 at 0.00001247
EMA50 at 0.00001231
EMA99 at 0.00001227
The price is clearly trading above these averages, reflecting the continued positive momentum in the near term.
📊 Technical Indicators:
Relative Strength Index RSI(7): at 70.10, indicating that the market is approaching the overbought zone, but with no clear signs of weakness yet.
Stoch RSI: at 83.38 with a tendency for negative crossover, which may indicate the possibility of a slight correction before continuing the rise.
📌 Important Technical Levels:
Current Resistance: 0.00001290
Strong upcoming resistance: 0.00001320 then 0.00001350
Major Support: 0.00001247 – 0.00001230
🎯 Expected Scenario:
If the level of 0.00001290 is firmly broken with high volume, the path will be open towards the target 0.00001320 and then 0.00001350, which is a logical target based on the extension of the current movement.
In the event of a short-term downward correction, the areas 0.00001230 – 0.00001247 may represent a suitable entry opportunity for speculators.
✅ Recommendation:
If you are in the trade from lower areas, it may be appropriate to secure part of the profits at 0.00001320, leaving the rest to reach the extended target of 0.00001350.
If you are watching to enter, wait for confirmation of the breakout at 0.00001290 or take advantage of corrections towards the mentioned support to enter at a better price.
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