The movement of the PEPE/USDT coin according to the candlesticks and the indicators shown:
🔎 Notes from the chart:
1. Candlesticks:
We see a consecutive rise with 6 strong green candles on the 15-minute frame.
The last candle is close to today's peak at 0.00001035, which means the price is testing a new resistance.
2. Moving Averages (MA):
MA7 (yellow) > MA25 (pink) > MA99 (purple).
This is a positive ascending pattern, indicating that the current trend is upward in the short term.
3. Relative Strength Index RSI:
Reached 89, and this is a very strong overbought level.
Usually, at these levels, either a downward correction or a sideways movement occurs before continuing the rise.
4. Nearby supports and resistances:
Closest support: 0.00000997 then 0.00000975.
Current resistance: 0.00001035, and if it breaks, it might head to 0.00001050 – 0.00001080.
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📌 Upcoming technical forecast:
The price is now in a dangerous area (Overbought), so it is expected:
1. Either profit taking occurs and a correction towards 0.0000099 – 0.0000097.
2. Or if the momentum continues and breaks 0.00001035, we might see a short jump to 0.00001050 – 0.00001080.
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✅ Summary:
For the quick trader: it's best to pay attention, partial selling might be possible or watch for a break above 0.00001035.
For short-term investment: if the price returns and corrects to 0.0000097 – 0.0000098 while maintaining an upward trend, it is considered a good entry area.
RSI very high →
A clear signal that the current rise needs correction before continuing to rise.
