$PEPE chart reveals a rollercoaster ride over the past week. After hitting a low of 0.00000633 on September 6th, PEPE staged a remarkable recovery, surging to a local high of 0.00000759 on September 9th - a 20% increase in just three days.
However, the recent price action suggests a potential reversal. The asset is currently trading at 0.00000737, having retraced from its recent peak. This pullback aligns with the overall bearish trend observed over the past 90 days, during which PEPE has experienced a significant 42% decline.
Key levels to watch:
Resistance: 0.00000750, 0.00000800
Support: 0.00000710, 0.00000600
Technical indicators paint a mixed picture. The EMAs (Exponential Moving Averages) show a bullish alignment, with shorter-term EMAs above longer-term ones. However, the RSI has dropped sharply from overbought levels, currently sitting at 9.40, indicating potential oversold conditions in the short term.
Price Prediction:
Short-term: PEPE may find support around the 0.00000710 level. If this holds, we could see a bounce towards 0.00000750.
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