$PEPE

Technical analysis of PEPE coin (PEPE/USDT pair):

Accurate and concise

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1. General trend:

The current trend is clearly bearish, with a series of lower highs and lower lows.

2. Channel pattern:

There is a precisely placed descending price channel, and the price is now close to the lower boundary of the channel, which may indicate:

The possibility of a temporary upward rebound (correction), especially with the recent green candle.

3. Support and resistance:

Nearby support: around 0.00000123 - recently bounced from it.

Nearby resistance: the middle of the channel is approximately at 0.00000132, then the upper boundary of the channel around 0.00000138.

4. Trading volume and indicators:

From the picture, technical indicators (RSI or MACD) are not clearly visible, but the strong price movement within the channel indicates seller dominance.

Conclusion: 🤒🤔🧐

Short term: We may witness a technical rebound towards 0.00000132.

Medium term: The trend remains bearish unless the upper boundary of the channel is broken.

Entry opportunity: Cautiously, only if resistance is broken with confirmation of a strong candle and high trading volume.

✒️ Your brother buino Moha Qsar Al-Kabir 🥰

#pépé #BinanceAlphaPoints #CryptoRegulation #CryptoRoundTableRemarks #币安钱包TGE $PEPE $BNB