Binance 1000PEPEUSDT 30m Trend Prediction

The recent candlestick chart shows a continuous oscillating decline, with each rebound suppressed by the bears, forming partial lower lows and indicating a generally bearish market. The Bollinger Bands' upper and lower bands are converging, with the price near the lower band, which suggests that the bullish momentum is weakening. Without an increase in volume to break through the middle band, support at the lower band may be lost at any time. The MACD indicator remains negative with no clear sign of a gold cross, indicating that short-term momentum continues to weaken. Multi-timeframe RSI indicators are all below the midline, especially the RSI24 which has fallen to 38.1555, reflecting that the market has entered a weak phase with insufficient rebound strength going forward. Although the J line of the KDJ indicator shows a rebound, both the K and D lines are around 44-50, implying that the primary momentum is maintaining a range-bound oscillation rather than a reversal. The DMI shows a clear advantage of the bears, with the ADX at a relatively low level, indicating that the current downtrend has not yet ended. Large traders' long and short positions are slightly imbalanced favoring longs, but the buy/sell ratio is only marginally above one, failing to form a clear increasing bullish force. The high ratio may mainly result from short covering or short-term rebounds. In the next 30 minutes, if trading volume cannot significantly increase and the price fails to break through resistance level R1 (0.0072612), it is highly likely that the price will continue oscillating downward within the range of 0.005600 to 0.005750. A break below this range could lead to further declines. It is recommended to mainly adopt a short-selling approach in the short term. If the rebound lacks sufficient volume, consider entering short positions near resistance. Stop-loss can be placed above R1, with take-profit targets at the lower boundary of the range or near new lows.