🚀 $PEPE Technical Analysis May 24, 2025: PRICE TESTING SUPPORT NEAR $0.00001406, SHOWING BEARISH MOMENTUM ⚠️
📊 Market Insight • Current Price: 0.00001406 USDT • Moving Averages (MAs) are showing a bearish crossover, indicating potential downward pressure. • Volume has decreased recently after a spike, suggesting reduced buying interest or profit-taking following the recent rally. • MACD is bearish. • RSI values are in the neutral zone, with potential for further decline if momentum persists.
📊 Important Levels to Watch 🔼 Resistance Levels: 0.00001632 0.00001646 🔽 Support Levels: 0.00001356 0.00001317
💡 TRADE PLANS: 🐂 Bullish Trade Setup: Breakout above $0.00001632 ☑️ Entry Point: $0.00001635 (enter if price breaks above 0.00001632 with bullish momentum confirmation) 🎯 Price Target: TP1: $0.00001646 🛑 Stop Loss: $0.00001350 (below the current support to manage risk) ⚠️ Confirmation: Look for a strong bullish candle close above 0.00001632, a spike in volume, RSI(6) rising above 50, and a MACD bullish crossover with the DIF moving above the DEA.
🐻 Bearish Trade Setup: Breakdown below $0.00001356 ☑️ Entry Point: $0.00001350 (enter if price breaks below 0.00001356 with bearish momentum confirmation) 🎯 Price Target: TP1: $0.00001317 🛑 Stop Loss (SL): $0.00001450 (above the support level) ⚠️ Confirmation: Watch for a strong bearish candle close below 0.00001356, a drop in volume, RSI(6) falling below 30, and the MACD deepening its bearish trend with the DIF dropping further below the DEA.
📌 Suggestion to Open Positions Today: The bearish MACD crossover, declining MAs, and recent price drop suggest potential for further downside, though the neutral RSI indicates the asset is not yet oversold. Traders should wait for a clear breakdown below $0.00001356 for a bearish setup or a recovery above $0.00001632 for a bullish move. Given the recent volatility and declining volume, tight risk management with stop losses is crucial.
