🐸 Thinking about the recovery opportunity of $PEPE

After reaching a peak of 0.01337 USDT, PEPE has adjusted to the range of 0.01260–0.01265. Observing the 4-hour frame, the price remains above the MA99 line, confirming that the long-term uptrend has not been broken. The MACD is compressing near the zero line, indicating that selling pressure is weakening and a bullish crossover may be imminent.

Moving down to the 1-hour frame, it is easy to see that buying pressure is returning as the price clings to the MA7 and surpasses the MA25. The short-term RSI (6) has bounced back after hovering around the 50 mark, signaling that upward momentum has been confirmed. The green candle at the end of the 15-minute session also reinforces this view: RSI6 touched the near oversold zone and quickly recovered, indicating that buyers timely absorbed selling pressure at the 0.0126x support.

From these signals, it can be expected that PEPE will brighten again if it maintains the level of 0.01260. A reasonable buying point lies around this zone, with the first target being 0.01300 and the next take-profit area around 0.01330. Conversely, if the price breaks through 0.01250 – that is, below the MA25 (1H) – then a capital preservation strategy by cutting losses is necessary.

In summary, PEPE currently meets all the conditions for a small recovery, creating a reasonable profit-taking opportunity for those watching the right support zone. What do you think about this scenario? 🤔