PEPE Coin Technical Analysis – Key Levels and Potential Scenarios

The PEPE coin is currently in a critical zone. Key support and resistance levels have been established for short-term and medium-term traders.
Key resistance and support levels
0.000010670: This level has been recently retested by PEPE and is considered a key resistance level. If the price breaks through and stays above this level, the next target will be 0.000010871. In this case, going long could be considered.
If a breakthrough of 0.000010670 occurs, selling pressure may increase, pushing PEPE down to around 0.000010600. This level should be closely monitored as it serves as short-term support.
Further support losses may bring 0.000010533 and 0.000010444 into focus. These levels could indicate a broader correction.
If these areas are also lost, the price may drop to 0.000010000, marking a significant pullback. This is crucial for risk management, and positions should be adjusted accordingly.
Technical Indicators
RSI (14): Currently around 57, indicating that upward momentum still exists, but has not yet entered the overbought zone. A movement above 70 may trigger a short-term correction.
MACD (12,26,9): The MACD line is above the signal line, and the histogram is positive, indicating that the short-term bullish trend may continue. However, if the momentum slows down, it is advised to remain cautious.
Bollinger Bands (20,2): The price is moving towards the upper band, indicating increased volatility and potential resistance. A breakout above the band will signal a strong trend.
Moving Average: The 50-day moving average is above the 200-day moving average, supporting an upward trend. This classic "golden cross" pattern is a positive signal for long-term investors.
Suggested Strategy
Long position: If the price remains above 0.000010670, a position can be opened. Target: 0.000010871. Stop loss: below 0.000010670.
Short Position: Consider if 0.000010670 breaks and 0.000010600 support fails. Targets: 0.000010533 and 0.000010444. For a deeper correction, pay attention to the 0.000010000 level.
The volatility of PEPE is significant, so risk management is crucial. Adjust your positions according to these key levels.
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