What we expected for last night's analysis of the $pepe coin has happened, and congratulations to those who sold and took their profits at the rebound we anticipated.
Here is the new and important analysis for today, pay close attention 🔺⏳
🔹 Current Situation:
The price dropped from 0.00001270 to around 0.00001070 (which means a strong correction).
RSI on the daily timeframe = 40% → close to the oversold area but it might still drop a little.
RSI on 4 hours = 22% and on 1 hour = 21% → this means that the smaller timeframes have actually entered a very strong oversold condition, and we are likely close to a short-term rebound.
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📉 Technical Analysis:
The price has now tested an important support at 0.00001070.
On the smaller timeframes (1H and 4H), the oversold condition is high → we might see a rebound upwards to relieve the pressure.
However, on the daily timeframe, there is still room for additional decline if the support does not hold.
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📌 Critical Levels:
Main Support: 0.00001070 → if it breaks, it might go to 0.00001030 – 0.00000980.
Nearby Resistance: 0.00001150 – 0.00001180 → an area that might be tested again if a rebound occurs.
Stronger Resistance: 0.00001230 – 0.00001270 (the previous peak).
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✅ Summary:
Short-term (1H – 4H): A rebound opportunity is likely from 0.00001070 due to a very strong oversold condition.
Daily: The general trend is still in a corrective downward, but if the current support holds, accumulation and gradual rise might start.
The closest scenario: A corrective rebound upwards (perhaps to 0.00001150 – 0.00001180) before deciding whether to continue rising or drop again.$PEPE