$PEPE continues to attract attention on Binance, especially after its attempt to hold above a key technical level amid market volatility over the past 24 hours. Will it succeed in breaking through the next resistance? Or will the price return to test critical support?
๐ง Current Technical Status:
Current price: 0.00001013 USDT, slightly down (-4.79%).
Nearby Support: 0.00000986 โ the 24-hour low.
Nearby Resistance: 0.00001021 โ the 50-candle moving average (EMA50).
๐ Important Technical Indicators:
The 20-candle moving average (EMA20) has been successfully broken at 0.00001010, signaling the beginning of a potential recovery.
Momentum indicators such as the RSI and StochRSI are showing improvement, but they are approaching overbought areas, indicating a potential temporary correction before any real upside.
A positive MACD crossover has begun to form, supporting an upward scenario in the event of increased trading volume.
๐ Expected Scenarios:
โ Bullish Scenario (technically most likely):
If the price manages to break through and hold above the 0.00001021 level, we may witness an upward movement targeting:
0.00001033 (EMA99 resistance).
Then 0.00001044 (a previous and very strong high).
The success of this scenario depends on the appearance of strong green candles supported by high trading volume.
โ ๏ธ Bearish Scenario:
If the price fails to hold above 0.00001010, we may witness a retest of:
0.00000997 and then
0.00000986 (critical support).
A break of this area could pave the way towards 0.00000970 in the short term.
๐จ Don't miss any opportunities in the world of crypto!
Follow me ๐ to receive the latest news, analysis, and profit opportunities from the Binance platform and other cryptocurrencies ๐น๐ฅ
Always be one step ahead ๐ก
