Technical Analysis of PEPE/USDT (4H timeframe)
Currently, the price is trading at 0.00000890, showing a -2.20% decline over the past 24 hours.
Key levels:
• Resistance: 0.00000925 — the 24-hour local high.
• Support: 0.00000872 — the 24-hour local low.
• Other important levels: 0.00000805 and 0.00000742.
Indicators:
• MA(7) has crossed MA(25) downwards, indicating a potential short-term correction.
• MA(99) remains significantly below the current price, supporting the overall bullish trend on a higher timeframe.
• MACD shows slight negative dynamics, but the divergence between the lines is minor, suggesting a possible trend reversal soon.
• RSI(6) is at 35.98, indicating the asset is approaching the oversold zone. RSI(12) and RSI(24) remain in the neutral area.
Trading volumes: a moderate decline is observed after a volume spike, confirming the corrective phase.
Conclusion:
The asset is currently undergoing a correction phase after a sharp rally. However, technical indicators (especially RSI and MACD behavior) suggest the correction is nearing its end. After stabilization, a renewed upward movement is expected, targeting the 0.00001020 – 0.00001067 range.
