Technical Analysis for Coin $PEPE /USDT

The PEPE coin is currently trading at $0.00001210 after a strong rebound from the bottom of $0.00001012, with momentum indicators showing the beginning of a recovery on the daily timeframe.

🔹 Technical Indicators:

• MACD: Shows a positive crossover with green bars continuing, which enhances the likelihood of continued upward movement.

• RSI: At level 54, indicating that the coin is not in an overbought condition yet and has room for growth.

• Parabolic SAR: Points below the price confirm the continuation of the short-term upward trend.

• Moving Averages (EMA 7 – EMA 30 – EMA 200): The price has returned above the short and medium-term averages, approaching a retest of resistance.

🔹 Important Technical Levels:

• First Support: $0.00001134

• Second Support: $0.00001012

• First Resistance: $0.00001256

• Second Resistance: $0.00001378

🎯 Potential Scenario:

If the price remains above $0.00001134 and the current momentum continues, we may see targets at $0.00001256 and then $0.00001378. Breaking the mentioned support could bring the price back towards $0.00001012.

⚠️ Note: Trading meme coins like PEPE is characterized by high volatility, so it is important to adhere to capital management and not risk more than 5% of the portfolio.

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