This has to be done so that Pepe can target critical resistance

This has to be done so that Pepe can target critical resistance

Pepe continues to fluctuate because the market participants are waiting for something to happen.

Important support levels: $ 0.0000013, $ 0.0000011

Important resistance level: 0.0000020 $

The volatility of Pepe is currently extremely low, since the price cannot carry out any significant movements. It seems that both sellers and buyers are exhausted or are absent from the market. Pepe has a support at $ 0.0000013, and if it is broken, the price could increase to $ 0.0000011. The resistance is $ 0.0000020 and so far the bulls have not managed to overcome it.

pepeweth_a43fe1_ethusdt_2023-29_14-05-04 Diagram of tradingview

trading volume: The volume has almost disappeared from the diagram. This has led to a low volatility.

rsi : The daily RSI is a bit flat, but could decline if the bulls cannot keep the price at the current level of support.

macd : The daily MacD is bearish. In view of the lack of conviction of the sellers, however, the price did not react to it.

pepeweth_a43fe1_ethusdt_2023-29_14-05-55 Diagram of Tradingview

bias

The tendency for Pepe is neutral.

Short-term forecast for the PEPE Prize

The limelight on Pepe seems to have been extinguished. Interest in this meme coin has disappeared, and if there is no excitement on the overall market, it is unlikely that there will be a lot of movement at this time.

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