Will Pepe's currency rise again?! Is now 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% (which means 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 some selling pressure.
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Overall 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 through and stabilize above it, it may drop again.
Today's indicator is positive (+3.43%) but has not been accompanied by strong trading momentum to support the rise (volume is average).
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Should you buy or sell?
If you own the currency:
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 breakout upwards.
If you are afraid of a return to dropping, you can sell half of your holdings and secure some profit while keeping the rest for further rise.
If you are considering buying now:
Buying now carries a slight risk because the price is under resistance, so if it does not break through, it will drop again.
The best option: wait until the price breaks MA60 (0.00001360) firmly with strong volume.
