Lets take a look at the $PEPE /USDT chart. Here is what catches the eye and where potential opportunities may be:
Price Action: PEPE is currently at 0.00000422, 3.87 percent over the last 24 hours. The price just hit a low of 0.00000418. It looks like this level has worked as support. If PEPE holds this zone we might see a bounce back to levels.
Key Moving Averages: The 7-period moving average is at 0.00000423 near the current price suggesting there is near-term support. The 25-period moving average is at 0.00000432 above the current price. If PEPE pushes through this level it could start moving toward the 99-period moving average at 0.00000446, which's the next big resistance.
Volume Insights: The volume is still significant. There was a noticeable jump during the recent upward moves. If this buying interest keeps going PEPE could gain momentum especially if it stays above 0.00000418.
Profit Opportunity: PEPE had a 7-day rally of 16.62 percent. Even though there is some short-term downside the overall trend could be good if PEPE can stabilize and break through the 25-period moving average. A move to 0.00000440 or even 0.00000446 is possible giving traders some profit opportunities.
In conclusion PEPE is testing support levels. If it stays above 0.00000418 and breaks the resistance at 0.00000432 it could be set up for a move higher. Keep an eye on these levels as entry points, for a rebound.
