#PEPEUSDT — Update on Forecasts | In a Critical Zone 👀
In our previous post about #PEPE stock, we identified the possibility of forming a double bottom, but it did not materialize due to the price's inability to break through it.
With more candles now appearing, #PEPE stock is clearly oscillating within a rectangular range and is currently stabilizing at the support level of this range — a critical area for decision-making ⚠️
Historically, #PEPE stock tends to rebound when the Relative Strength Index (RSI) is in the oversold zone or near it 📈
If this support holds, a rebound could occur, especially if shorter timeframes show a bullish reversal — a potential buying opportunity.
However, if this support collapses, the price of PEPE could drop significantly 📉😬 $PEPE
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BasheerAlgundubi
· 12-17 16:24
But if this support collapses, the price of $PEPE could drop significantly 📉😬
#PEPEUSDT — Update on Forecasts | In a Critical Zone 👀
In our previous post about #PEPE stock, we identified the possibility of forming a double bottom, but it did not materialize due to the price's inability to break through it.
With more candles now appearing, #PEPE stock is clearly oscillating within a rectangular range and is currently stabilizing at the support level of this range — a critical area for decision-making ⚠️
Historically, #PEPE stock tends to rebound when the Relative Strength Index (RSI) is in the oversold zone or near it 📈
If this support holds, a rebound could occur, especially if shorter timeframes show a bullish reversal — a potential buying opportunity.
However, if this support collapses, the price of PEPE could drop significantly 📉😬
$PEPE