The $PEPE is moving steadily upward on the short timeframe, with the price currently trading at 0.00001225, achieving an increase of +1.49% over the last few hours.
What distinguishes the current movement is that the price stands above all moving averages (EMA20 – EMA50 – EMA99), which is a clear positive signal for the continuation of the upward momentum.
📊 Key technical indicators:
RSI at 59.5, indicating that the room for upward movement is still open before reaching overbought conditions.
Stochastic at 88.3, which may impose some cooling or slight correction before continuing the rise.
MACD gives a positive momentum signal, supporting the likelihood of targeting higher levels.
🎯 Levels to watch:
Resistances: 0.00001229, then the most important resistance at 0.00001250, and if it is broken steadily, we may see the price move towards 0.00001270.
Support: 0.00001218, then 0.00001206 as a major support level on the short timeframe.
💡 Potential scenario:
If the price manages to break through 0.00001229 with strong trading volume, we may witness a rapid upward wave towards the targets. However, if it fails, the price may move sideways or return to test the support area before making another attempt to rise.
🔥 Quick trading opportunity (Scalp):
Entry: After a clear break above 0.00001230
First target: 0.00001250
Second target: 0.00001270
Stop loss: Below 0.00001206
📌 Summary: The upward momentum is present, the levels are clear, and the ball is now in the buyers' court to break through barriers and pave the way for a new peak.
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