It seems according to the statement that the currency $PEPE was in a clear downward trend after reaching a peak near 0.00001475, before it succeeded in rebounding from a strong support level at 0.00001082. Currently, the price is trying to stabilize above the short-term moving averages (EMA10 and EMA25), which indicates the possibility of continued recovery if the resistance at 0.00001223 is breached. The MACD indicator has started to improve, and the RSI is at a balanced level (48), which means that the currency is in a retest phase that may determine whether the rise will continue or revert back. Overall, the short-term trend is leaning towards recovery but needs confirmation by breaking the resistance.
#PEPE #Binance #BinanceSquareTalks
#PEPE #Binance #BinanceSquareTalks
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PEPE
0.00001122
+4.37%
