#CryptoTrading.
šTechnical Analysis (1 hour) $PEPE /USDT
1. Price and Trend: The current price is 0.00001065 USDT, indicating a decrease of 7.87% over the period. The chart shows an overall downtrend with a noticeable peak around 0.00001166, after which the price started to decline.
2. Bollinger Bands (20, 2): The price is approaching the lower limit (DN: 0.00001043), which may signal oversold conditions. The middle line (MB: 0.00001102) serves as a resistance level, and the upper limit (UP: 0.00001161) is a potential level for a rebound.
3. Moving Averages (MA):
ā¢ MA(5): 482 117 861 487 ā the short-term trend looks bearish.
ā¢ MA(10): 682 029 824 165 ā the medium-term trend also indicates a decline. These values indicate weakness of buyers and dominance of sellers.
4. MACD: DIF (-0.00000020), DEA (-0.00000017), MACD (-0.00000003) ā all values are negative, which confirms a bearish (gloomy) trend. Convergence of MACD to zero may indicate a possible exhaustion of the decline.
5. Stochastic RSI: STOCHRSI (8.90384150) and MASTOCHRSI (10.69277153) are in the lower zone, which also indicates oversold. This may be a signal for a possible upward reversal if the index breaks out of this zone.
ā ļøConclusion: Currently, the PEPE/USDT market is in a downtrend with signs of oversold. Possible scenarios: a rebound from the lower Bollinger Bands or a further drop to the level of 0.00001043. It is recommended to monitor changes in the Stochastic RSI and trading volume (currently 267,359,029,706) to confirm a reversal.
