1️⃣ PEPE is still rallying, yet numerous drawbacks exist. The current level is challenging to break through without substantial liquidity. A correction in PEPE seems imminent, with 0.00001420 being a strong support level. Breaching this could lead to minor gains to 0.00001450 or possibly 0.00001500, though a correction might occur soon, but it's not certain.
2️⃣ The surge in market liquidity is atypical, driven by news of the ETH SPOT ETF. A significant correction is likely today or tomorrow, which could severely impact PEPE. Thus, it's advisable to avoid trading this currency for now, as the market appears to be peaking. Any further gains could lead to a sharp decline, despite contrary indicators suggesting ongoing rises amid negative signals.
3️⃣ For those holding short positions, consider strengthening them and be patient. Remember, this MEME currency could drop imminently. Anticipate potential corrections and steer clear for the time being.
4️⃣ PEPE might have longer-term targets up to the 0.00001700 level, but waiting is advised.
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