PEPE seems to be consolidating before a major move.
Key Support levels: $0.0000015, $0.0000011
Key Resistance levels: $0.0000020
Sellers are exhausted, and bulls could take the opportunity and push the price action at any minute. The resistance is at $0.0000020, and if the momentum indicators flip bullish, then a retest of this key level appears imminent. The current support is at $0.0000015.A43FE1_ETHUSDT_2023-05-23_18-39-53" width="1813" height="861"> Chart by TradingView
Trading Volume: The volume remains flat and shows a lack of interest, but this could change soon.
RSI: The 12h RSI appears ready to curve up and move higher. If so, it could break above 50 points to set a higher high.
MACD: The 12h MACD is bearish, but the histogram is making higher lows. Another push from bulls could flip it bullish, and then a rally could follow.A43FE1_ETHUSDT_2023-05-23_18-40-15" width="1813" height="802"> Chart by TradingView
The bias for PEPE is neutral, but bulls could soon take over the price action.
Short-Term Prediction for PEPE Price
This consolidation under the key resistance is bullish. Sellers had multiple opportunities to take PEPE lower but failed. As such, a test of the key resistance at $0.0000020 seems more likely now.
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