A cryptocurrency expert named Cold Blooded Shiller, also known as ColdBloodShill, just finished a full technical study of the PEPE/USDT pair on Binance. This shows how important it is in the present market.
Shiller told his platform X fans about his research. It showed when PEPE might go upward or downward as it gets close to a key point on its trading chart.
Shiller looked at the four-hour period and focused on how PEPE’s price moved and how it interacted with important technical levels. He pointed out that the change from a resistance zone to support, which spanned about $0.0000063 to $0.0000062, showed an enormous shift in how the market felt.
A red declining trend line shows that PEPE is getting close to a key resistance level that could lead to a breakout. But Shiller warned about a possible “fakeout,” in which a short-term break of the trend line could cause a drop to the established support zone at $0.0047423.
Shiller’s Bullish PEPE Projection
If PEPE can handle market instability, the support zone could push it up. Shiller expects a rise of about 47.47% from the support level, with the goal of $0.000011. This would show that the support is substantial and start a rising phase for PEPE.
The study also found that the Relative Strength Index (RSI) was hovering around the 50-point mark, which means that the market is neutral and prices could move significantly in either way.
At the end, Analyst encouraged everyone to make the most of the chance that PEPE’s possible rise gives them. Even though there are risks, he believes the benefits could be significant if everything works out.
At the time of writing, the price of PEPE was $0.000006976, which is close to the $0.000006677 200-day Exponential Moving Average (EMA). If this support does not hold, the red support zone might be tested again.
