🐸🚀 PEPE DISAPPEARS BY ALMOST 20% — BREAKOUT MAY OPEN SPACE FOR A NEW HIGH LEG
The $PEPE once again drew attention this Monday, 21/09, recording a strong gain and rising by about 25% during intraday trading. The rise came with the break of an important resistance level, putting buyers back in the spotlight.
📊 TECHNICAL LEVELS
🟢 US$0,00000380–0,00000390 — immediate support
🟢 US$0,00000350–0,00000360 — secondary support
🔴 US$0,00000430–0,00000435 — main resistance
🚀 US$0,00000450–0,00000470 — next region
🔥 US$0,00000500 — psychological level
📌 CURRENT SCENARIO
🐸 Strong appreciation this Monday
📈 Nearly 20% up on the move
🔥 Breakout of important resistance
📊 High volume accompanying the move
⚠️ Short-term RSI already indicates an overbought condition
🔥 WHY DOES THIS AREA GET ATTENTION?
PEPE had been consolidating after the recovery from the last sessions and managed to accelerate the move this Monday. The breakout from the resistance area boosted interest in the token and brought higher levels back into view.
On the other hand, the speed of the appreciation requires caution: the RSI on the 4-hour chart entered overbought territory, increasing the likelihood of a pullback before any potential continuation.
🚀 BULLISH SCENARIO: holding above US$0,00000430–0,00000435 may favor an attempt to push toward US$0,00000450–0,00000470, with US$0,00000500 as the next psychological level.
🔻 CORRECTION SCENARIO: a loss of US$0,00000380–0,00000390 could trigger a pullback toward US$0,00000350–0,00000360.
📌 MAIN POINT TO WATCH:
PEPE showed one of the strongest recent moves, but the overbought RSI suggests the price may face high volatility after the surge. The ability to hold the broken region will be crucial to assess the strength of the move.
#pepe #pepecoin #memecoins
The $PEPE once again drew attention this Monday, 21/09, recording a strong gain and rising by about 25% during intraday trading. The rise came with the break of an important resistance level, putting buyers back in the spotlight.
📊 TECHNICAL LEVELS
🟢 US$0,00000380–0,00000390 — immediate support
🟢 US$0,00000350–0,00000360 — secondary support
🔴 US$0,00000430–0,00000435 — main resistance
🚀 US$0,00000450–0,00000470 — next region
🔥 US$0,00000500 — psychological level
📌 CURRENT SCENARIO
🐸 Strong appreciation this Monday
📈 Nearly 20% up on the move
🔥 Breakout of important resistance
📊 High volume accompanying the move
⚠️ Short-term RSI already indicates an overbought condition
🔥 WHY DOES THIS AREA GET ATTENTION?
PEPE had been consolidating after the recovery from the last sessions and managed to accelerate the move this Monday. The breakout from the resistance area boosted interest in the token and brought higher levels back into view.
On the other hand, the speed of the appreciation requires caution: the RSI on the 4-hour chart entered overbought territory, increasing the likelihood of a pullback before any potential continuation.
🚀 BULLISH SCENARIO: holding above US$0,00000430–0,00000435 may favor an attempt to push toward US$0,00000450–0,00000470, with US$0,00000500 as the next psychological level.
🔻 CORRECTION SCENARIO: a loss of US$0,00000380–0,00000390 could trigger a pullback toward US$0,00000350–0,00000360.
📌 MAIN POINT TO WATCH:
PEPE showed one of the strongest recent moves, but the overbought RSI suggests the price may face high volatility after the surge. The ability to hold the broken region will be crucial to assess the strength of the move.
#pepe #pepecoin #memecoins