$PEPE down 9% from the weekly peak, now bouncing back from the newly formed bottom
Last week $PEPE ran straight from 0.0000038 to 0.00000433 in three sessions, then turned down and fell continuously for four straight days.
The price touched a bottom around 0.00000377 yesterday before rebounding; it is now at 0.00000394, right at the 1-hour EMA9 zone.
The 1-hour RSI has returned to the middle (50.9), but the 4-hour timeframe is still weak (34.9). This rebound is still within a larger downtrend and is not yet a trend reversal.
The nearest resistance is at 0.00000405, while losing 0.00000377 again would bring it back to the newly formed bottom.
The broader market is not doing much better: $BTC fell below $81,000, and most altcoins are in weak RSI territory.
Personal observation, not investment advice
#TheoDõiFOMC #TinFed #PEPE
Last week $PEPE ran straight from 0.0000038 to 0.00000433 in three sessions, then turned down and fell continuously for four straight days.
The price touched a bottom around 0.00000377 yesterday before rebounding; it is now at 0.00000394, right at the 1-hour EMA9 zone.
The 1-hour RSI has returned to the middle (50.9), but the 4-hour timeframe is still weak (34.9). This rebound is still within a larger downtrend and is not yet a trend reversal.
The nearest resistance is at 0.00000405, while losing 0.00000377 again would bring it back to the newly formed bottom.
The broader market is not doing much better: $BTC fell below $81,000, and most altcoins are in weak RSI territory.
Personal observation, not investment advice
#TheoDõiFOMC #TinFed #PEPE