๐ $PEPE Technical Analysis May 23, 2025: PRICE TESTING RESISTANCE NEAR $0.00001651, SHOWING STRONG UPWARD MOMENTUM ๐ฅ
๐ Market Insight
โข Current Price: 0.00001579 USDT
โข Moving Averages (MAs) are aligned in a bullish trend, supporting the upward movement.
โข Volume is robust, indicating significant market participation.
โข MACD is bullish.
โข RSI values are nearing overbought territory, indicating potential for a pullback if overbought conditions are reached.
๐ Important Levels to Watch
๐ผ Resistance Levels:
0.00001632
0.00001651
๐ฝ Support Levels:
0.00001379
0.00001262
0.00001243
๐ก TRADE PLANS:
๐ Bullish Trade Setup: Breakout above $0.00001632
โ๏ธ Entry Point: $0.00001633 (enter if price breaks above 0.00001651 with bullish momentum confirmation)
๐ฏ Price Target:
TP1: $0.00001651
๐ Stop Loss: $0.00001500 (below the current support to manage risk)
โ ๏ธ Confirmation: Look for a strong bullish candle close above 0.00001632, a spike in volume, RSI(6) rising above 70, and a MACD bullish crossover with the DIF moving further above the DEA.
๐ป Bearish Trade Setup: Breakdown below $0.00001379
โ๏ธ Entry Point: $0.00001370 (enter if price breaks below 0.00001379 with bearish momentum confirmation)
๐ฏ Price Target:
TP1: $0.00001262
TP2: $0.00001243
๐ Stop Loss (SL): $0.00001450 (above the support level)
โ ๏ธ Confirmation: Watch for a strong bearish candle close below 0.00001379, a drop in volume, RSI(6) falling below 30, and the MACD deepening its bearish trend with the DIF dropping below the DEA.
๐ Suggestion to Open Positions Today:
The bullish MACD, supportive MAs, and strong volume suggest potential for further upside, though the rising RSI indicates caution for overbought conditions. Traders should wait for a clear breakout above $0.00001632 for a bullish setup or a breakdown below $0.00001379 for a bearish move. Given the current momentum and volume, tight risk management is essential due to potential volatility in the PEPE/USDT pair.
#pepe #dailyearnings #signaladvisor #memecoin๐๐๐
