#pepe⚡ DAILY ANALYSIS
#pepe⚡ PEPE/USDT shows a current consolidation trend in short-term charts, suggesting potential for significant price movements.
The trading volume is drying up, a classic sign that the market is preparing for an "eruption". Selling pressure seems to be exhausting, and the asset is accumulating energy for a possible breakout.
In the last 24 hours, the maximum price of PEPE/USDT was $0.00001512 and the minimum price was $0.00001337.
For the 4-hour chart, the ideal entry zone is between $0.00001370 and $0.00001390.
The short and medium-term targets (resistances) are:
* TP1: $0.00001450
* TP2: $0.00001530
* TP3: $0.00001650
A stop-loss at $0.00001310 is suggested to manage risk.
Daily indicators, such as the RSI ranging between 43.76 and 53.89, suggest that the asset has room to rise without being overbought.
On the weekly chart, there is a "strong double bottom structure", a bullish reversal pattern that drives the coin to significantly higher levels. If confirmed, this pattern could change the long-term trend from bearish to bullish.
The long-term goals (targets) are ambitious:
* Goal 1 (Long Term): $0.00001872
* Goal 2 (Long Term): $0.00002745
These long-term targets, along with the analysis of the current consolidation trend, indicate considerable appreciation potential for #pepe if the breakout occurs as expected and the double bottom pattern materializes. It is crucial to note that Bitcoin's movements can significantly impact the outcomes of this analysis, given its dominant influence in the cryptocurrency market.
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