#TradingAnalysis101 Trading Analysis 101 Through the analysis of the data shown in the image, the support and resistance areas for the PEPE/USDT currency can be identified as follows:

Resistances:

1. 0.00000650 - 0.00000651: This is close to the moving average MA(7), representing a short-term resistance.

2. 0.00000811: This is a medium-term resistance area at MA(25).

3. 0.00001495: Strong resistance at MA(99), indicating a long-term downtrend.

Supports:

1. 0.00000525: The lowest price recorded in the last 24 hours, representing strong support.

2. 0.00000488 - 0.00000500: A potential support area if the price continues to drop.

Additional Analysis:

Relative Strength Index (RSI): At 39.93, indicating that the currency is not in the oversold territory yet, but is close to it.

Trading Volume: There is an increase in trading volume which may indicate a strong move coming.