🚨 Death Cross Incoming? PEPE MAs Are SCREAMING Bearish!
Take a look at the Moving Averages on this PEPE/USDT 4-hour chart! We've got the 7 MA ($0.00000480) and 25 MA ($0.00000492) way below the 99 MA ($0.00000564). This is the definition of a bearish trend continuation! The shorter-term MAs are diving under the longer-term one, showing selling pressure is dominating.
We are currently trading at $0.00000494. If the price fails to reclaim the 7-period MA soon, we could be looking at a re-test of that $0.00000461 support level very fast. Don't fight the trend, but watch for a sharp MACD/RSI divergence if we push lower!
PEPE
0.0₅418
-2.56%
#TechnicalAnalysis #MAcross #PEPEusdt #CryptoTrading #BearishTrend