What is the technical analysis of the PEPE coin today!?
Here is a quick analysis of the PEPE/USDT:
From the image, we notice the following:
Current price: $0.00001393.
Change over 24 hours: -5.88% (decrease).
Highest price in 24 hours: $0.00001484.
Lowest price in 24 hours: $0.00001348.
Time indicators (30 days and 7 days): still strongly positive (89.27% and 70.09%).
Reading from the chart:
There was a strong rise previously, followed by a quick drop, indicating that traders may have taken profits.
Trading volume suddenly increased and then decreased again, suggesting a possible end to a temporary upward wave.
Recommendation:
If you bought at a low price: it may be better to sell now to take profits, especially if you are a short-term trader.
If you bought at a price close to the current one: wait for confirmation signals (such as a strong rebound or stabilization above $0.000014) before making a selling or buying decision.
If you are thinking of buying now: the timing is not ideal, as there are correction signals after a strong rise. It is better to hold off.
