$PEPE Bitcoin as a guide

Hi. By comparing both charts, we can see the following similarities and use the Bitcoin (BTC) chart as a guide to predict the movements of the Pepe coin:

Similarities:

1. Bearish trend: Both BTC and Pepe are showing a bearish trend in the analyzed time frame (15 minutes), which we can see from the falling moving averages.

2. Support and Resistance: Both charts show some support and resistance levels that are close (although the values ​​are different), suggesting that Pepe may be following the overall BTC trend.

3. RSI and Stochastic RSI indicators: The RSI indicators are similar – in both cases they are in the middle levels, which means that neither one nor the other coin is oversold or overbought. Stochastic RSI shows more volatility, but also indicates a possible rebound movement at similar moments.

Predicting Pepe's movement based on Bitcoin:

Assuming BTC will be the guide and Pepe tends to repeat his moves:

1. Support points:

The current support for Pepe is around 0.00001687. If BTC holds its support and starts to rebound, we can expect Pepe to also respond with a rise from its support level.

2. Potential breakout:

If BTC breaks through its current resistance levels, such as around 91,176.45, we can expect Pepe to also try to break through its resistance around 0.00002176.

3. Drop to 0.00001767:

If BTC continues to fall and breaks the support, there is a high probability that Pepe will follow the decline as well. In such a case, Pepe could fall to 0.00001767 as the next support level.

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