$PEPE / $USDT Technical Analysis
Executive Summary
#PEPE is currently experiencing a bearish trend on the 30-minute timeframe, trading below its significant moving averages (EMA 20, 50, 100, 200). The Relative Strength Index (RSI) is hovering around 45, suggesting a lack of strong buying pressure and room for further downside.
While the overall trend is down, recent price action shows some consolidation, hinting at a potential short-term pause before continuation or reversal.
The market capitalization of #PEPE is substantial, indicating significant interest, but recent price performance needs to be monitored closely against its All-Time High (ATH) and All-Time Low (ATL).
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