Analysis of the currency $PEPE is important for currency holders
It is clear from the chart that the currency has been in a strong downward trend from levels above 0.00001118 until it reached the last bottom at 0.00000886.
After the last bottom, small green candles appeared, indicating an attempt to rebound, but the candles are still relatively weak.
2. Moving Averages MA
MA7 (yellow) = 0.00000919
MA25 (pink) = 0.00000948
MA99 (purple) = 0.00001059
The current price (0.00000923) is above the MA7 but still below the MA25 and MA99 → this means only a short-term rebound, but the overall trend is still downward.
3. Relative Strength Index RSI (6)
RSI value = 42 → still in the neutral zone and close to oversold (<30).
This gives a slight chance for continued rise to correct the drop, but it has not yet entered the overbought area.
4. Support and Resistance
Closest support: 0.00000886 (last bottom).
First resistance: 0.00000948 (MA25).
Second resistance: 0.00001029 – 0.00001059 (very strong area due to MA99).
✅ Summary
Currently, we see a corrective rebound after the bottom 0.00000886.
If the price breaks 0.00000950 with a 4-hour close, it may continue to 0.00001030 – 0.00001060.
However, if it fails and breaks 0.00000886 downwards, it is likely to continue dropping to 0.00000870 or lower.
🔔 Meaning: The currency is currently in a testing phase, and the fate of the rise or continued drop is determined by breaking or surpassing the levels mentioned.
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