Analysis of Pepe Coin
🔹 Technical analysis:
1. Current price: 0.00001131 USDT
With an increase of about +3.48% in the last 24 hours.
2. Nearby resistances:
First resistance at 0.00001170
Second resistance at 0.00001180
3. Nearby supports:
First support at 0.00001113 (the price is close to it now)
Strong support at 0.00001088
Important support at 0.00000981
4. Indicators:
MACD: Still negative (light selling pressure), but attempting a positive crossover.
RSI (6): at level 52 → Indicates neutrality (neither overbought nor oversold).
Stoch RSI: Low (around 10) → Indicates that the currency is close to the oversold area, potential upward rebound.
W%R: at -47 → Medium area, still neutral.
5. Price movement:
After the significant rise from 0.00000981 to 0.00001170, there was a slight correction.
Now the price is trying to hold above 0.00001113 and if successful, it may rise again to test 0.00001170.
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📊 Summary:
Short-term positive: If the price holds the support at 0.00001113, we might see a retest of 0.00001170 - 0.00001180.
Short-term negative: If it breaks down below 0.00001113, the next support will be 0.00001088, and breaking it may return the price to the 0.00000981 area.
🔔 Suggested strategy:
The short-term trader is waiting for a breakout at 0.00001170 to enter a buy aiming for 0.00001180 - 0.00001220.
If it breaks 0.00001113, it is preferable to wait at support 0.00001088 for safer buying.
Would you like me to prepare suggested buy and sell levels with a stop loss?
