$PEPE At the lower end of the range: volume has risen, but buyers aren't rushing in
A volume spike on the 15-minute chart, with the price near the lower end of the range, is more likely a test of demand than a confirmed reversal. The 15-minute RSI 14 is 18, while the 24-hour change is −5.66%: volume is up, but the price has yet to respond with a rise.
Observation range · 5 h
Above 0.000005: A hold above the upper boundary of the range would support the case for a shift in short-term momentum.
Below 0.000005: A move back below the lower boundary would strengthen the interpretation of the spike as continued selling pressure.
Levels are historical; a single wick does not confirm a scenario.
What would need to change in the price for the volume spike to stop looking like selling pressure?
Data from Binance, snapshot at 09:15 UTC. The author may receive rewards through Binance Square Write to Earn.
A volume spike on the 15-minute chart, with the price near the lower end of the range, is more likely a test of demand than a confirmed reversal. The 15-minute RSI 14 is 18, while the 24-hour change is −5.66%: volume is up, but the price has yet to respond with a rise.
Observation range · 5 h
Above 0.000005: A hold above the upper boundary of the range would support the case for a shift in short-term momentum.
Below 0.000005: A move back below the lower boundary would strengthen the interpretation of the spike as continued selling pressure.
Levels are historical; a single wick does not confirm a scenario.
What would need to change in the price for the volume spike to stop looking like selling pressure?
Data from Binance, snapshot at 09:15 UTC. The author may receive rewards through Binance Square Write to Earn.
