$PEPE #PEPE
PEPE/USDC – 1H Chart Analysis (as of 1:23)
Price Overview:
Current Price: 0.00001358 USDC
24h High: 0.00001475
24h Low: 0.00001349
Change: ▼ 6.02%
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Technical Indicators:
1. Bollinger Bands (20, 2):
Upper Band (UP): 0.00001449
Middle Band (MB): 0.00001401
Lower Band (DN): 0.00001352
Analysis:
Price is currently testing the lower band, indicating oversold conditions or strong downward pressure. A bounce is possible, but confirmation is needed.
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2. MACD:
DIF: -0.00000008
DEA: -0.00000002
MACD Histogram: -0.00000006
Analysis:
MACD is bearish, showing a negative histogram and both lines below the zero line. Momentum is tilted downward.
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3. RSI (6):
Value: 31.70
Analysis:
RSI is approaching the oversold threshold (30), suggesting the possibility of a short-term bounce, but not a strong reversal signal yet.
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Price Action:
Recent low at 0.00001349 is significant – a break below could open the door to further downside.
Price made a lower high at 0.00001475 and failed to sustain above the middle Bollinger Band, which acts as dynamic resistance.
Volume shows a slight uptick on the recent red candles, confirming selling pressure.
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Summary:
Bias: Bearish
Key Support: 0.00001349
Key Resistance: 0.00001401 (middle BB), 0.00001475
Outlook:
PEPE is currently under short-term bearish pressure. If the 0.00001349 support fails, a further drop is likely. A bounce may occur if RSI dips further into oversold, but it would need to break above 0.00001401 to shift sentiment.
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