Will the pepe coin rise again?! And is this the right time to buy?!
Here is the current analysis of the PEPE/USDT chart:
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Data from the chart:
Current price: 0.00001357 USDT
Change over 24 hours: +2.88% (meaning the price has risen slightly after a drop)
Highest price in 24 hours: 0.00001412
Lowest price in 24 hours: 0.00001267
Moving Average MA60: 0.00001360
The price is now slightly below MA60 → there is still a bit of selling pressure.
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General technical situation:
There was a slight rise, then the price started to drop again.
The price is now moving around a resistance area (MA60), and if it does not break above it and hold, it may drop again.
Today’s indicator is positive (+3.43%) but lacks strong trading momentum to support the rise (the volume is average).
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Should you buy or sell?
If you own the coin:
If you bought at a lower price (like 0.00001300 or lower) and made a small profit, you can hold now and wait for a clear break upwards.
If you are afraid of a drop returning, you can sell half of your quantity to secure some profit and keep the rest for further rises.
If you are thinking of buying now:
Buying now carries a slight risk because the price is below resistance, so if it does not break above it, it will drop again.
The best option: wait until the price firmly breaks MA60 (0.00001360) with strong volume.
