#TrumpVsMusk Technical Analysis and Bitcoin Behind the Rise

Current prices are somewhat high within a period of stability, but the price is still below the short and medium-term moving averages, indicating a temporary negative bias.

The symmetrical triangle pattern on the chart suggests a sharp breakout may occur soon, either upward or downward.

Several technical indicators (such as RSI, Parabolic SAR) show that PEPE is close to oversold areas, indicating a potential for a limited rebound.

🐳 Whale activity and its impact on the market

PEPE has recorded strong activity from massive wallets, with hundreds of billions of tokens withdrawn from exchanges and large purchases recently, boosting optimism.

Whale activity generates a wave of FOMO among small traders, which increases demand liquidity and pressures the price upward.

Support and Resistance

Immediate support levels range from ~$0.0000097 to $0.0000070, where analyses indicate that the first strong support is around $0.0000097, followed by ~$0.0000070 in case of a market collapse.

Resistance levels are at ~$0.0000105 then ~$0.0000115–$0.0000127, and with a breakout of these levels, a new upward wave may activate.

Short-term Expectations

If the price maintains the mentioned support, we may witness a rebound towards the resistance at ~$0.0000105 then possibly entering an initial resistance range at ~$0.0000127.

Loss of support could lead to a downward pullback reaching ~$0.0000070–$0.0000073, where the pair may continue its trend downward.