🧐 Analysis of PEPE/USDT based on charts and its relationship with ETH
Current Situation (3D and Monthly Chart)
1. Current Price: $0.00000672 (yesterday)
2. Trend: Short-term bearish, with a strong drop of more than 20% in the last month 💹
3. Important Supports:
$0.00000650 - $0.00000600: Possible bounce zone if there is buying volume.
$0.00000500 - $0.00000480: Last strong support before a larger drop.
4. Resistances:
$0.00000780 - $0.00000800: First barrier that PEPE must break to confirm a bounce.
$0.00001150 - $0.00001200: Key resistance level in case of a strong recovery.
$0.00001750 - $0.00002360: If there is a bullish rally, these levels would be important targets.
After that, it is very likely to reach up to 0.00006, and who knows, it might drop a 0 just like it did before.
Technical Indicators
Stochastic RSI: It is bouncing from oversold, indicating a possible entry into recovery phase.
MACD: It is in a low zone but might be showing an attempt at a bullish crossover.
Volume: Remains low, indicating that there is still not enough buying pressure.
Personally, I am going to do DCA, along with BTC and ETH. 🚀
I could have also entered at lower levels, but I already have purchases prepared in case of drops.
Choose a Ticker along with important coins and trust the process.
