#CryptoTrading.
đTechnical Analysis (1 hour) $PEPE /USDT
1. Price Action and Candlesticks: The chart shows a sharp decline in price from around 0.00001243 to 0.00001119, after which there was an attempt to recover to 0.00001217. This can be indicated by short-term support at 0.00001119 and resistance near 0.00001243.
2. Bollinger Bands (20, 2): The price is near the lower limit (DN: 0.00001086), which may signal oversold conditions. The middle line (MB: 0.00001142) provides dynamic flat support/resistance.
3. Moving Averages (MA): Short-term MA(5) at 1,245,687,429,975 crosses MA(10) at 1,220,082,324,918, which may indicate a certain change in the trend to increase. However, these values look abnormally large for the price in USDT, perhaps this is a data error.
4. MACD: DIF (0.00000007) crosses DEA (-0.00000005) from below upwards, and the MACD histogram shows a positive value (0.00000012). This may be a signal for growth, but caution is required due to weak dynamics.
5. Stochastic RSI: Both indicators (STOCHRSI: 99.65620462, MASTOCHRSI: 94.74918366) are in the overbought zone, which may indicate a possible corrective decline.
â ď¸Conclusion: There is currently a sign of a possible rebound from the support level of 0.00001119, but the overbought Stochastic RSI and weak MACD dynamics may indicate limited upside potential. It is recommended to watch the test level of 0.00001243 for confirmation of the trend.
