Pepe was affected by the overall market last night, and started to decline. Now it's beginning to rebound. How much can it rebound next week? Please provide more predictions and analysis!

CN
1 year ago

PEPE/USDT Four-Hour Chart Analysis and Forecast

Current Price and Trend The current trading price of PEPE is $0.000013073900, with a 24-hour decrease of 7.18%. The chart shows that after the release of non-farm data, the price of PEPE dropped significantly, but there are signs of a rebound near the key support level.

Moving Average Analysis

  • Short-term moving average (MA 10) is at $0.00001376.
  • Medium and long-term moving average (MA 60) is at $0.00001456.

The current price is below the short-term and medium/long-term moving averages, indicating a bearish market sentiment.

Technical Indicators

  • Volume: The current trading volume is 1.014T, indicating relatively high market activity.
  • MACD Indicator: The MACD line (blue line) is -0.00000416207, the signal line (orange line) is -0.0000046255, and the MACD histogram shows a negative value, indicating that the market is still in a downtrend.

Support and Resistance Levels

  • Key support level: $0.00001190 (lower support)
  • Key resistance levels: $0.00001350 and $0.00001400 (upper resistance)

Price Pattern The price of PEPE has recently declined, forming a clear downward channel. Currently, the price is rebounding at the lower boundary of the downward channel, but the strength of the rebound is not yet significant.

Forecast In the short term, the price of PEPE may consolidate near the support level of $0.00001190. If the support level is effectively broken, it may further decline to around $0.00001100. If the price stabilizes at the current level and rebounds, the upper resistance levels of $0.00001350 and $0.00001400 will be the primary targets.

Conclusion Currently, the market sentiment is bearish, and it is recommended for investors to closely monitor the support level of $0.00001190. If the support level is effectively broken, there may be further decline in the short term. Caution is advised in operations until the price stabilizes and confirms a rebound signal.

This is a rare opportunity, now is the time to pay attention to PEPE and take action!

Having experienced the ups and downs of the coin circle for many years, I am sharing my experience and strategies. If you are unsure of what to do, follow my official account: Web Mountain and Beyond, to get the latest updates! Unlock the password for CF!

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