📉 Quick Technical Analysis — PEPE/USDT (1h)
Current price: $0.00000444
Variation: -5.13%
⸻
🧠 Direct Summary
PEPE continues in a strongly bearish trend on the 1-hour chart. The current price ($0.00000444) is below the three major moving averages:
• MA(7): 0.00000445
• MA(25): 0.00000458
• MA(99): 0.00000487
This scenario indicates buyer weakness and dominance of selling pressure.
The RSI(6) is at 27.97, entering oversold territory, with RSI(12) and RSI(24) also at low levels (31.42 and 37.45, respectively), suggesting possible exhaustion of the decline in the short term.
The volume has been gradually decreasing, which may signal a loss of strength from sellers, but still without confirmation of reversal.
⸻
🔎 Key Points
• Support: $0.00000440 (daily low)
• Immediate resistance: MA(7) = $0.00000445
• Higher target (short term): $0.00000458 (MA25)
⸻
⚠️ Conclusion
The trend is still downward, with technical signals indicating oversold. A reversal may happen, but it depends on breaking the moving averages with increased volume. Until that occurs, the risk of continued decline remains.
Recommendation: Wait for confirmation before entering.
