$PEPE
📉 Reasons for the drop on the morning of 30\05\2025
Caused by the exit of major capital holders in #PEPE , leading to a break of support at 0.00001304. The materials have turned red
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1. Clear technical support break: An upward trend and support at 0.00001356 have been broken, resulting in a rapid drop to 0.00001256.
2. Significant selling pressure: The selling rate reached 34%, but this is considered moderate, indicating profit-taking rather than panic selling.
3. Strong bearish candles: Long bearish candles following the peak at 0.00001512 indicate strong price rejection at the top.
📊 Technical Indicators
RSI = approximately 45 ➜ Neutral leaning towards bearish.
MACD negative ➜ There is still selling pressure but with weak momentum.
7-day performance = -16.88% ➜ Sharp correction.
30 and 90-day performance = Positive ➜ The overall trend is still upward but in a correction phase.
📈 Is there potential for a rise?
✅ Yes, provided:
Staying above 0.00001256 (current support).
Breaking 0.00001300 with a strong close and increased volume.
Buyers are currently active at 65.83%, which indicates good buying interest to build a new position.
🧭 Summary
The currency is undergoing a correction after a strong rise, and there is a possibility of a technical rebound from support, provided there is an improvement in momentum. Monitoring is required at 0.00001300 and 0.00001356, which are considered confirmation levels for a new rise.
Your brother: buino Moha. Kasr Al-Kabir. 💰🥰🔥
