The pair $PEPE /USDT witnessed a strong rebound movement in the last hours after touching its lowest level at 0.00001070 USDT, rising again towards 0.00001132 USDT, achieving immediate gains amid fluctuating technical momentum.
✅ Technical analysis indicators:
🔸 Moving Averages (EMA):
The current price is between EMA 20 and EMA 50, indicating a state of cautious volatility.
EMA 20 at 0.00001131 provides immediate support.
EMA 50 at 0.00001135 represents a close and important resistance.
EMA 99 at 0.00001144, which is an advanced resistance.
🔸 Relative Strength Index (RSI):
RSI (7) = 53.4
RSI (12) = 50.5
RSI (24) = 48.9
These values reflect a neutral momentum leaning towards positivity, without clear overbought or oversold signals.
🔸 Stochastic RSI: A bullish crossover in low areas, supporting the continuation of positive momentum in the coming hours, provided the price does not fail to surpass the nearby resistance.
🔸 MACD: MACD crossover close to zero with weak momentum, reflecting a state of technical caution, and it's preferable to wait for additional confirmations before making a decisive decision.
📌 Expected scenarios:
📈 Positive scenario:
If the price can break the level of 0.00001135 with a strong candle close, we may see a push towards:
0.00001144 as the first resistance.
Then 0.00001156 if the buying momentum continues.
📉 Negative scenario:
If the price fails to surpass 0.00001135, and starts showing bearish reversal candles, the price may drop again to test:
0.00001122 as the first support.
Then 0.00001104, and if it breaks, it returns towards 0.00001070.
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