PEPE was able to find support and buyers quickly joined in during the weekend.
Key Support levels: $0.0000011
Key Resistance levels: $0.0000020
Between Friday and Saturday, this meme coin managed to rally and double in price, but it was unable to break the key resistance at $0.0000020. The rally was stopped by strong sellers, resulting in a lower high, which is a bearish signal. The current support level is at $0.0000011.
Trading Volume: Although the volume increased over the weekend, it quickly faded starting Tuesday. Buyers were not able to sustain the rally.
RSI: The 12h RSI made a lower high and dropped below 50 points again. This is bearish.
MACD: The 12h MACD is bearish, but the histogram is showing higher lows, indicating that sellers have lost some momentum.
Bias
The bias for PEPE is bearish as long as it cannot break the key resistance.
Short-Term Prediction for PEPE Price
Since buyers are absent, it seems that PEPE is unable to break higher at the moment and has been ranging under the key resistance at $0.0000020. This trend can continue for the rest of the week.
