🐸 PEPE is on traders' radar – stay tuned in the next 8 hours!
Everyone is looking for PEPE right now, and the technical indicators suggest that a critical moment is approaching in the next few hours!
📊 Current situation (technical update):
· The price is hovering around the $0.00000350 area, which is a key support level that cannot be broken!
· Whale activity has increased significantly by +61% over the past week, indicating that major investors are on the move.
· The trading volume to market cap ratio has reached 51.8%, which is a higher than usual percentage, reflecting a real speculative interest.
🎯 The expected scenario over the next 8 hours:
🔴 If the price breaks the support of $0.00000350:** We expect a sharp corrective wave towards **$0.0000032 or $0.0000031 in the next few hours.
🟢 If the price breaks the resistance of $0.00000360-$0.00000365: we will see a quick rebound to test the area of $0.00000390**, and it may extend to **$0.0000040 if the momentum continues.
⚠️ Important note for traders:
Volatility is very high and the technical indicator (RSI) is currently neutral to bearish, which means that any rapid movement could turn against you if you do not enter in the right zone. It is advisable to use a close stop loss to avoid any sudden reversal!
💬 Do you expect the support to hold or will the whales push the price down? Share your opinion!
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