🔍 Brief and precise analysis of PEPE/USDT:
1. General trend:
The downward trend is clear and strong: the price dropped from the peak of 0.00001512 to 0.00001219, a decrease of more than 19%.
Broke an important support line at 0.00001324 then 0.00001256, indicating a loss of upward momentum.
2. Support and resistance levels:
Current support: between 0.00001203 and 0.00001187 (currently the lowest level).
Nearest resistance: at 0.00001256 then 0.00001324.
3. Trading volume and liquidity:
High trading volume (460 million USDT), but the price is declining = clear selling pressure.
Buy to sell ratio = 55.75% buy vs 44.25% sell → there is buying interest, but not enough to stop the bleeding.
4. Average buying price (0.00001370):
The current price is much lower → many traders are currently at a loss.
5. Recent candles:
Consecutive red candles with short wicks → direct selling without significant retracement.
6. Indicators (RSI, MACD...):
No full details appear, but the overall trend and time indicators all indicate short-term weakness:
Today: -9.16%
7 days: -21.39%
30 days: +37.54% (but most of the gains have been wiped out)
📉 Final conclusion:
The currency is in a sharp downward trend in the short term.
The possibility of continued decline is likely unless it rebounds from strong support at 0.00001187.
Buying now is high risk, it's better to wait:
Appearance of strong rebound candles.
Return of the price above 0.00001256 at least.
Or stability above 0.00001203 with rising trading volume.
✒️ Your brother : buino Moha. Qsar al-Kabir 🔥
