$PEPE
Based on the 4-hour chart for PEPE/USDT from Binance, here’s a brief analysis and a suggested target:
Chart Overview:
Current Price: 0.00000831 USDT
Trend: Short-term bullish bounce after a recent downtrend.
Key Moving Averages:
MA(7): 0.00000821 – price is slightly above this, indicating short-term upward momentum.
MA(25): 0.00000846 – still above the current price, acting as resistance.
MA(99): 0.00000852 – strong resistance if price continues up.
Support & Resistance:
Support Level: Around 0.00000814 – recent low.
Resistance Levels:#pepe⚡
0.00000846 – MA(25), near-term resistance.
0.00000852 – MA(99), stronger resistance.
0.00000874–0.00000881 – minor resistance from earlier consolidation.
0.00000934–0.00000981 – higher targets based on previous peak.
Momentum Indicators:
The price is recovering from a recent low and shows signs of a bullish reversal.
Order Book: Slight bullish pressure with 52.47% buy orders.
Target Suggestion:
Short-term Target: 0.00000850–0.00000860 (low-risk resistance zone).
Aggressive/Medium-term Target: 0.00000930–0.00000980 if momentum continues and volume rises.
Stop-Loss: Consider setting a stop-loss around 0.00000800 to limit downside risk.
