In today's trading on the short time frame (15 minutes), the pair $PEPE /USDT shows a state of technical fluctuation between support and resistance levels, indicating the possibility of an imminent price explosion – will it be upwards?
🔹 Current price:
0.00001246 USD (+2.64%)
🔹 Moving averages (EMA):
EMA 20: 0.00001247 (very close current resistance)
EMA 50: 0.00001240 (immediate support)
EMA 99: 0.00001236 (strong technical support)
The price is currently moving between these averages in a very narrow channel, reflecting a state of anticipation in the market and the possibility of a strong movement coming.
🔹 Technical indicators:
RSI(7): at 45 – in the neutral zone, slightly leaning down.
StochRSI: at 10 – in a clear oversold area, supporting the idea of a bullish rebound.
MACD: does not show a clear crossover yet, but the negative gap is weak.
🔹 Quick technical overview:
Breaking the level of 0.00001236 may open the way for a drop towards 0.00001223 then 0.00001210.
Conversely, breaking 0.00001250 and holding above it may push the price to target 0.00001269 then 0.00001285 in the coming hours.
✅ Suggested entry opportunity:
Buying area: 0.00001236 – 0.00001240 (upon the appearance of a confirmed reversal candle)
Targets:
First target: 0.00001265
Second target: 0.00001285
Stop loss: breaking the level of 0.00001220 with a clear candle close
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