Analysis date: May 17
Price at time of publication: 0.00001225
Daily change rate: -8.75%
Highest price today: 0.00001352
Lowest price today: 0.00001204
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📢 The most important news:
PEPE is falling sharply today amid significant selling pressure. Is it preparing for a new upward trend after this decline?
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📊 Technical analysis:
Current support: 0.00001200
Next resistance: 0.00001370
RSI: In oversold areas
MACD: Still in a downtrend but momentum is slowing down
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✅ Positive factors and opportunities:
The coin is still under the spotlight among traders interested in meme coins.
If the market is generally stable, a strong rebound wave may begin.
The price's proximity to a strong support area may open the door to consolidation.
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⚠️ Risks:
The general market is suffering from a correction wave.
Breaking the current support may push the price to lower levels.
Memecoins volatility is still very high.
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📌 My personal opinion:
For short-term speculators:
Entry from the current levels is possible provided that a stop loss is placed below 0.00001180, and the nearest resistance is 0.00001350.
For the medium to long-term investor:
The price is currently tempting to break out, but it is best to watch closely for any signs of a trend reversal.
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