Follow me, you will benefit, God willing
Analysis $PEPE
The price is currently at 0.00001230 after a clear upward bounce from the previous bottom at 0.00000525
There is a slight downward correction after a strong rise, but the price is still above the EMA averages (7, 25, and 99), indicating that the upward trend remains in the short and medium term.
EMA Averages
EMA(7) = 0.00001273
EMA(25) = 0.00001088
EMA(99) = 0.00000988
The price is still above the three averages, indicating positive momentum, but the current correction is intersecting with EMA(7), which may indicate a temporary easing of momentum.
Momentum Indicators:
RSI(6): 50.05 (Neutral momentum, no overbought or oversold conditions).
StochRSI: around 48-63 (also neutral, not reaching saturation).
Williams %R: at -39.7 (within the positive momentum range, but not in saturation)
MACD: still positive, but there is convergence between the MACD and Signal lines, which may indicate a potential negative crossover soon if the correction continues.
Trading Volume:
There has been an explosion in trading volume during the recent rise, confirming the presence of significant liquidity supporting the increase.
Conclusion and Recommendation:
The overall trend is currently upward in the short and medium term, but there is a natural correction occurring after the rise.
As long as the price maintains EMA(25) as support, the positive trend remains.
A drop below EMA(25) may indicate the beginning of weakness and possibly a reversal.
Monitoring the MACD crossover is important in the coming hours.
