PEPE Fluctuates and Adjusts, Can the Short-Term Rebound Continue?

Market Analysis:

PEPE is currently priced at $0.00001886, with a 1.36% decline in the past 4 hours. From the chart, the price formed a short-term support after quickly dipping to $0.00001845. The MACD indicator's green bars are shortening, indicating a weakening of bearish momentum. The MA99 moving average provides initial support near the price, but the death cross between the MA7 and MA25 short-term moving averages suggests limited rebound strength.

Key Levels:

• Support Levels: $0.00001845, $0.00001800

• Resistance Levels: $0.00001954, $0.00002051

Trading Suggestions:

1. If the price stabilizes above $0.00001845, consider lightly entering a long position with a target of $0.00001954 and a stop-loss set at $0.00001800.

2. If it falls below $0.00001800, it is recommended to wait and observe for a clearer trend.

3. Short-term bearish strength is weakening, but the rebound strength still needs to be observed in conjunction with trading volume.

Risk Warning:

The market is highly volatile, and sentiment is unstable. Pay attention to position control when trading to avoid chasing highs and selling lows.