1. Price Trend ($PEPE ):
$PEPE experienced a strong uptrend, shown by a series of consecutive green candles.
The peak price reached around 0.00000930 USDT.
The current movement shows a correction, indicated by several consecutive red candles.
The latest price is around 0.00000837 USDT, down approximately -8.72% in the last 24 hours.
2. Support & Resistance:
Latest resistance: 0.00000930 (recent high before correction).
Nearest support: around 0.00000834 (24h low). If this breaks, the next levels are 0.00000784 and 0.00000731.
3. RSI Indicator (Relative Strength Index):
RSI (6-period) is at 34.95, approaching the oversold region.
This suggests selling pressure may be weakening, and a potential price rebound could occur soon.
4. Volume:
24-hour volume is quite strong: 24.99T PEPE and 221.38M USDT.
High volume during a decline often indicates profit-taking by traders after a strong rally.
Summary:
The short-term trend is currently in a correction phase after a strong bullish run.
A rebound is possible if the support at 0.00000834 holds, especially with RSI near oversold territory.
However, if price breaks below support, further downside may follow.
