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The Pepe price surged over 5% in the last 24 hours to trade at $0.000007702 at press time.
Pepe Price Overview
4-hour chart for PEPE/USDT (Source: TradingView)
In recent trading sessions, the PEPE price has exhibited notable price movements on its 4-hour chart, prompting keen interest from cryptocurrency traders. The closing prices of the asset have seen fluctuations.
The 9 Exponential Moving Average (EMA) has been oscillating around the closing prices, indicating slight shifts in short-term momentum. Conversely, the 20 EMA has shown a gradual uptrend, moving from $0.00000727 to $0.00000738, suggesting a stabilizing effect over the longer term.
The Moving Average Convergence Divergence (MACD) values reveal subtle nuances in the price momentum. Recent MACD readings display a slight decline in momentum with the MACD line marginally below the signal line in the latest data points, indicating bearish undercurrents.
The Relative Strength Index (RSI) has been moderate, with recent values around 62.70, 61.86, 54.23, 55.88, and 58.80. These figures suggest that the asset is neither overbought nor oversold, providing a balanced view for potential investors.
Approaching Resistance
Currently, PEPE is trading near a crucial resistance level at $0.00000782. A breakout above this level could test the next resistance at $0.00000798. On the downside, support levels are clearly marked at $0.00000750 and $0.00000740. A breach below these supports might intensify selling pressure.
Given the current technical setup, traders might consider entering long positions if the PEPE price breaks and holds above the $0.00000782 resistance. A conservative target could be set near $0.00000798, with a stop-loss order just below $0.00000750 to mitigate risks. For those looking at potential short opportunities, a break below $0.00000750 could be used as an entry point, targeting the $0.00000740 level with a stop-loss slightly above the $0.00000763 mark.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Ecoinimist is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
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