$PEPE in decision zone: Are we headed to drop a zero? 🐸 BinanceLoverssssss
Attention community! Analyzing the daily candlestick chart of PEPE, we see a very interesting outlook:
The positive: We're holding the support of the 7-day EMA and the MACD just confirmed a bullish crossover. The structure of higher lows has been solid since mid-April.
Things to consider: The RSI is at 75, entering overbought territory. It wouldn't be surprising to see a retest of the 0.00000400 zone to catch some breath before aiming for the next big target.
Key levels:
Resistance: 0.00000428 (24h High). Breaking this with volume would give us a clear path.
Support: 0.00000408 - 0.00000390 EMA 25.
Strategy: I'm watching today's close. If we close above the 7 EMA, the momentum remains intact.
Are you guys buying this "dip" or waiting for a bigger correction? 📉📈
#PepeCoin #CryptoTrading #TechnicalAnalysis #BinanceSquare #Memecoins