🟢 PEPE/USD (2-Hour Chart Analysis)
PEPE is currently trading around $0.00000620, sitting slightly below its 50-period moving average, which shows that the short-term trend is still under pressure. The RSI on the 2-hour chart is hovering below 50 — meaning momentum remains weak, but not oversold enough to confirm exhaustion. Price has formed a shallow base near the $0.00000590-$0.00000600 zone, an area that also aligns with a small fair value gap (FVG), suggesting it could act as short-term support if buyers step back in. This area will likely determine whether the next move is a bounce or another slide.
My bias is mildly bullish, but only if confirmation steps in. If PEPE breaks above the 50-period MA with convincing volume, it could trigger a short-term upside move toward $0.00000640-$0.00000650. However, if the price fails to reclaim that moving average and loses support near $0.00000590, a deeper correction could follow. The best move here is patience — let the market show its hand before reacting. As always, PEPE is a high-volatility meme token, so manage risk wisely and never trade with emotions.
PEPE is currently trading around $0.00000620, sitting slightly below its 50-period moving average, which shows that the short-term trend is still under pressure. The RSI on the 2-hour chart is hovering below 50 — meaning momentum remains weak, but not oversold enough to confirm exhaustion. Price has formed a shallow base near the $0.00000590-$0.00000600 zone, an area that also aligns with a small fair value gap (FVG), suggesting it could act as short-term support if buyers step back in. This area will likely determine whether the next move is a bounce or another slide.
My bias is mildly bullish, but only if confirmation steps in. If PEPE breaks above the 50-period MA with convincing volume, it could trigger a short-term upside move toward $0.00000640-$0.00000650. However, if the price fails to reclaim that moving average and loses support near $0.00000590, a deeper correction could follow. The best move here is patience — let the market show its hand before reacting. As always, PEPE is a high-volatility meme token, so manage risk wisely and never trade with emotions.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.