#PEPE‏ $PEPE

PEPE/USDC 4H Technical Analysis

Current Price: 0.00001377

Change: -2.27%

Timeframe: 4H

Indicators Used: Bollinger Bands, MACD, RSI, Volume

🔍 Price Action

Price hit a recent high of 0.00001475 and is now retracing.

Currently trading just above the middle Bollinger Band (MB), which is around 0.00001382, and near the support zone around 0.00001348.

Last few candles show a rejection from the upper Bollinger band, suggesting bearish pressure.

📊 Bollinger Bands

Upper Band (Resistance): 0.00001466

Middle Band (Support/Mean): 0.00001382

Lower Band (Major Support): 0.00001298

Price is below the MB now, indicating a short-term downtrend or consolidation phase.

📉 MACD

MACD Line: -0.00000006

Signal Line (DEA): 0.00000026

MACD is bearish, showing a weak downward crossover with negative histogram bars—momentum favors sellers currently.

💪 RSI (6)

RSI: 41.75

Slightly above the oversold region but still in bearish-neutral territory, signaling weak buying pressure.

🔊 Volume

High recent volume spikes, indicating strong participation, but the latest red candles show selling dominance.

🔑 Key Levels

Immediate Support: 0.00001348

Stronger Support: 0.00001298 and 0.00001267

Immediate Resistance: 0.00001414

Major Resistance: 0.00001475

📌 Conclusion

The market is currently in a pullback phase after testing the upper Bollinger Band. If support around 0.00001348 fails, it may revisit 0.00001298 or lower. A bounce from current levels with volume could suggest a continuation upward.

Bias: Slightly bearish in the short term unless bulls reclaim 0.00001400+.

Let me know if you want the 1H or 15M analysis for tighter entries.