$PEPE #PEPE

Here's a technical analysis of the PEPE/USDT 4-hour chart you've shared:

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📉 Price Action

Current Price: 0.00001058 USDT

24h High/Low: 0.00001157 / 0.00001024

Price recently touched support at 0.00001024, showing some buying interest there.

It is trading just below the middle Bollinger Band (MB: 0.00001107), suggesting short-term bearish pressure.

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📊 Indicators Breakdown

Bollinger Bands (20, 2)

Upper Band: 0.00001152

Middle Band: 0.00001107

Lower Band: 0.00001061

Price is hovering near the lower band, indicating oversold conditions or a potential bounce area.

MACD

MACD Line: -0.00000002

Signal Line (DEA): -0.000000017

The MACD is slightly bearish, with minimal histogram bars forming. Weak momentum either direction.

RSI (6)

Value: 29.77

RSI has dipped into oversold territory (<30). Historically, this suggests potential for a bounce or reversal soon.

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🔍 Volume Analysis

High trading volume seen on the last red candle, implying strong selling pressure, but also potential exhaustion from bears.

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📌 Summary

Bearish in the short term, but:

RSI near oversold.

Price bouncing off key support (0.00001024).

Bollinger Bands suggest compression — a breakout or reversal could be near.

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🔮 Potential Scenarios

1. Bullish Reversal: If RSI recovers and price moves above 0.00001070, target could be MB (0.00001107) and then 0.00001143.

2. Bearish Continuation: A break below 0.00001024 could trigger a move towards 0.00001000 or even lower.

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Let me know if you want a trading strategy (e.g., scalping, swing) based on this chart.