$PEPE #PEPE‏

On the PEPE/USDC 1-hour chart you shared, here’s what I’m seeing:

Price Action: Price is currently at 0.00001247, just under the recent 24h high of 0.00001251. It’s hugging the upper Bollinger Band, suggesting strong bullish momentum in the short term.

Bollinger Bands: Bands are slightly widening, indicating volatility is picking up. Price staying near the upper band shows buyers are still in control.

RSI (6): At 69.82, it’s near overbought territory (above 70), so we might see some short-term profit-taking unless momentum stays strong.

MACD: MACD line is slightly above the signal line, but the histogram shows small bars, meaning bullish momentum is present but not strongly accelerating.

Support & Resistance:

Immediate resistance: 0.00001251 (needs a strong breakout above this for continuation).

Support levels: 0.00001195 and 0.00001157 if there’s a pullback.

Summary: Short-term trend is bullish, but the closeness to resistance and near-overbought RSI means we could see either a breakout to new highs or a small pullback for consolidation.

If you want, I can map out the likely next price zones for both breakout and retracement scenarios.