Market Overview on the Afternoon of December 26

ETH On-chain Golden Dog $PEPE

PEPE is also one of the MEMEs with the largest decline in this round of pullback, halving directly from 28 to 14; the MEME effect at the beginning of November boosted the overall market activity, but now the market is quiet, and MEMEs are also the sector with the largest decline!

As the golden dog MEME on the Ethereum chain, I still have high hopes for the value of the upcoming bull market. There is a chance to return to 28 and create a new high; the March Ethereum Prague Cancun upgrade will be a key narrative benefit that will also bring a wave of takeoff to the Ethereum series; coupled with the upcoming FTX compensation starting soon, most funds will continue to flow back into the crypto market. I believe MEME is also one of the key sectors that these compensators are focusing on.

PEPE is currently oscillating within a converging triangle, and the range is getting smaller; if it breaks below the previous low, it would be a great opportunity to add to positions; support at 0.1770, 0.1645, resistance at 0.1857, 0.1909; although the market is currently very quiet and assets are shrinking, hold on to your positions and don't cut losses.

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