- Summary:
- Will Pepe be damaged above $ 0.00001065 or will it lose steam? The main support, resistance, and chart provides entrepreneurs who should watch entrepreneurs this week.
Pepe (Pepeusd) only kept under the resistance to $ 0.00001065 after a decent running in April. But the momentum is fading, and most of the meme coin is not stacked in the way it did last year.
Trade volumes are cooled. The price is staring. And unless the Bulls regulate soon, Pepe can slide back to the former support levels.
Pepeusd levels to watch: $ 0.00001065 or Bust?
The $ 0.00001065 zone has become covering. Pepe tapped it earlier in the week but could not break. A clean move above it will open the path to $ 0.00001139 and $ 0.00001336, the same levels that previously acted as the main reactions of the zones.
On the downside, $ 0.00000901 is the level of maintenance of bulls in the game. A drop below it exposes $ 0.00000891. From there, Pepe risks slipped to $ 0.00000562. A price that has not been tested for a month.
Technical indicators: Momentum weakened quickly
The RSI pulled back from recently -only highs, which now walks near 64. That is still bullish, but the slope is declining. MACD also flies, signed a fading interest and a weaker purchase pressure.
Traders have not been concerned, but there is no claim.
Pepe Outlook: Time to buy or time to wait?
So far, Pepe is sitting on the land of no one. It needs a strong breakout above $ 0.00001065 to wake up the bulls again. Without that, it looks like a tired rally running on fumes.
If the sentiment of the meme coin turns at risk, Pepe can fall quickly. But if bitcoin holds a steady and risk of appetite, a breakout is not on the table.
