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1000PEPE has recently tested the upper Bollinger Band multiple times but has failed to break through, indicating a lack of upward momentum in the short term. From a technical perspective, the MACD has formed a death cross, and bearish sentiment is gradually rising, increasing the risk of price correction.
The upper Bollinger Band serves as a key resistance level, and several tests have failed to break through, reflecting weak buying power in the market. The MACD death cross suggests the possibility of a weakening trend, increasing the likelihood of a correction in the short term. If the support below cannot hold, the probability of further price declines will also increase.
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