📉 PEPE/USDC Market Snapshot – May 16, 2025

Current Price: $0.00001312 USDC

24h Change: -4.51%

Volatility: High, with daily fluctuations ranging between 6.50% and 29.73%

Trading Volume: Significant activity observed in 2-hour and 4-hour intervals

Source: Binance Square

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📊 Technical Indicators

Relative Strength Index (RSI): 46.06 (Neutral)

50-Day Simple Moving Average (SMA): $0.00009241

200-Day SMA: $0.0001332

Market Sentiment: Bearish

Fear & Greed Index: 0 (Extreme Fear)

Source: CoinCodex

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🔍 Analysis

PEPE/USDC is currently experiencing a downward trend, with the price declining by 4.51% over the past 24 hours. The high volatility indicates significant trading activity, especially in shorter time frames. Technical indicators suggest a bearish market sentiment, with the price trading below both the 50-day and 200-day SMAs. The RSI is in the neutral zone, indicating neither overbought nor oversold conditions.

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📈 Short-Term Outlook

Given the current technical indicators and market sentiment, PEPE/USDC may continue to experience downward pressure in the short term. Traders should exercise caution and monitor key support and resistance levels.

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Note: This analysis is for informational purposes only and does not constitute financial advice. Always conduct your own research before making trading decisions.