Will the rise of PEPE continue or will the opposite happen?!
Through this chart for PEPE/USDT, here is a quick analysis and recommendation:
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Current data:
Price: 0.00001329
Daily increase rate: +7.35%
Highest price in 24 hours: 0.00001387
Lowest price in 24 hours: 0.00001214
Volume: 42.86T PEPE, and 556.30M USDT
The current price is close to the MA60 average (at 0.00001326), which means it is still moving within a strong range, but it has started to slow down after a clear peak.
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Chart:
The price reached a peak and then began to decline slightly.
The last candle is stable near the short support, but there is no clear breakout upwards.
Trading volume has started to decline compared to the peak, which may indicate the beginning of a correction.
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Time indicators:
7 days: +52.93%
30 days: +88.24%
90 days: +38.44%
Today: +7.35%
The currency is strongly bullish in the short term, but currently in a potential resistance area.
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Recommendation:
If you own the currency:
It is better to sell now or sell partially, as the price has started to decline slightly from the peak and a correction may occur.
If you are thinking of buying:
It is not advisable to enter now. Wait for a drop near 0.00001260 or for strong support signals to appear.
