Hello Crypto Traders and Enthusiasts! 👋
Today, we are going to take a deep dive into the recent market performance of two very interesting coins—$ZEN /USDT and $PEPE /USDT—whose charts are showing some important movements. Is this a buying opportunity, or an indication of a decline? Let's try to decode these charts and see what might happen next.
🐸 PEPE/USDT: Severe Pressure on the 'Meme' Coin
PEPE, which is known for its meme-coin status, is currently trading at Rs 0.00127677 (or 0.00000455 USDT) and is showing a decline of -3.19%.
Key Findings from the Chart (15-Minute Timeframe):
* Sign of Decline: The 7-day Moving Average (MA(7)) is at 0.00000456, while the 25-day Moving Average (MA(25)) is at 0.00000456, and the 99-day Moving Average (MA(99)) is at 0.00000463.
* Confirmation of Decline: The current price of $0.00000455 is trading below all three Moving Averages (MA), especially significantly below the MA(99). This clearly indicates Selling Pressure.
* Volume: A slight increase in volume has been observed on recent candles, but this increase has failed to push the price upwards, which suggests that sellers are still dominant.
* What's Next? If this coin breaks the support level of 0.00000453 (24h Low), we could see a further decline. For a breakout, it will soon need to close above the MA(7) and MA(25).
> 💡 Trader's Note: PEPE is a high-risk, high-reward meme-coin. Therefore, setting a stop-loss and keeping an eye on the smaller timeframes is extremely important.
>
🧘 ZEN/USDT: Attempting a Comeback After Intense Selling
Horizen (ZEN) is currently trading at 10.850 USDT and is down -7.69% after a major fall.
Key Findings from the Chart (15-Minute Timeframe):
* Major Drop: The chart shows a sharp sell-off, where the price fell from the $11.283 level to $10.750 (24h Low).
* Attempt at Recovery: After touching the low level of $10.750, the price has shown a slight recovery. However, it is still below the 7-day (MA(7): 10.938), 25-day (MA(25): 10.907), and 99-day (MA(99): 11.236) Moving Averages.
* Crucial Resistance: The MA(99) at $11.236 could become a major Resistance. Unless this coin closes strongly above this MA(99), we cannot expect a sustained rally.
* Volume: The volume during the recovery has been good, indicating buyer interest, but the selling volume was also quite strong.
> 💡 Trader's Note: The large 'Wicked' Candle in ZEN shows strong selling. At the current level, $10.750 is a critical Support. A close below this level could trigger further selling.
>
🎯 Summary and Your Action Plan
The crypto market is very volatile. This article is based only on chart analysis and should not be considered Financial Advice. Do Your Own Research (DYOR) and always trade with risk in mind.
How are you viewing these charts? Are you seeing a major move in ZEN or PEPE? Let me know! 👇
#BinanceHODLerAT #BTCRebound90kNext? #TrumpTariffs
