Price Action: The price has been fluctuating within a range, making higher highs and lower lows. This indicates a lack of clear directional momentum. However, the recent price action suggests a potential upward move.
Moving Average: The blue moving average line is trending upwards, which supports a potential bullish trend.
Key Points:
Resistance: The 0.00000977 level has been acting as strong resistance. A break above this level could signal a bullish trend.
Support: The 0.00000945 level has been acting as support.
Timeframe: The chart you provided shows the price action for a specific timeframe. It's important to consider the broader trend and other timeframes to get a more complete picture.
Market Sentiment: The overall market sentiment for cryptocurrencies can also impact the price of $PEPE .