This #PEPE one-hour K-line chart is really boring to watch
Opened at 0.042351 dollars, closed flat, peaked at 0.042532 dollars but then softened, dropped to a low of 0.042212 dollars and no one sold, the price fluctuation is pitifully small. Trading volume is 2.4 million, considered a large order recently, but the price remains unchanged, indicating that both bulls and bears are just idling.
MA7 line is 0.00002346 dollars, MA30 line is 0.00002420 dollars, the price is just swaying along the moving averages, like a headless fly. EMA7 line is 0.00002359 dollars, EMA30 line is 0.00002392 dollars, short-term moving averages are drifting down, long-term moving averages can't hold, this trend is likely to cool off.
MACD is directly at -0.000015, both DIF and DEA are lying underwater, the bears are rubbing the bulls into the ground. The KDJ indicator is even worse, K line at 24.52, D line at 21.64, J line at 30.28, all swaying in the oversold zone, theoretically, it should rebound, but without volume support, it’s just monkey business.
If you ask me, this coin is just a tough nut to crack, with pressure above and support below, without volume support it's a stagnant pool, those with heavy positions should hurry to withdraw, and those wanting to bottom fish should wait for a volume breakout, don’t fight against the trend, staying alive is the most important.
The market changes every day, you need to seize the right timing to act, if you are still too confused, you can click on the profile picture to follow me, I usually share some cutting-edge information and practical strategies, let’s seize the big opportunities together