PEPE 4H Analysis:
Support and Resistance Points:
Support: The support level appears around the price of 0.00001800 as the price has bounced off it several times in the recent period.
Resistance: The main resistance level is at 0.00001900, as the price failed to break through it previously.
Indications of a Huge Rise:
Trading Volume: There seems to be a significant increase in trading volume in the recent candles, which may indicate significant buying activity.
Candle Direction: Long green candles indicate positive momentum.
Current Rise: The price increase of 5.03% with the price holding above the support level enhances the possibility of the uptrend continuing.
Expectation:
If the price manages to break the resistance at 0.00001900 with strong trading volume, it may witness a huge rise.
However, if the support at 0.00001800 is broken, it may head to lower levels.
Advice:
Do not buy if you do not know whether the market will rise or not. Watch the market. If it breaks the resistance, buy. If it breaks the support, sell. The decision is up to you.
