BOSS Wallet data source, Pepe today's price trend, PEPE latest price breaks through to $0.000008898, an increase of 3.53%, trading volume $792 million
After analyzing the candlestick chart, it currently belongs to a volatile trend compared to a significant drop at 21:00, breaking through the low point of 16:00, and is lower than 14:00. The price is declining but trading volume is increasing, which usually indicates increasing selling pressure and sellers are actively unloading.
This may be due to the market holding a pessimistic view on future prices, or negative news triggering panic selling. In this case, future prices may continue to decline as selling pressure is high and market sentiment is pessimistic. Investors should be cautious about whether prices will break below key support levels; if the support level is broken, it may lead to a more significant decline.
Market activity is high, but prices are declining. The Williams Indicator indicates that it is currently neither overbought nor oversold. Recently, trading volume has increased, with volume rising compared to the previous few hours, prices are falling, and volume is increasing: selling pressure is growing.
Market trends do not align with expectations; it is advisable to continue observing and wait for clearer trends before making decisions.
The above content is for reference only and does not constitute investment advice.