PEPE Technical Analysis Update - Prudence, Risk Avoidance
Price rebound brings optimism
As analyzed by the Gold Master Action, the price of PEPE successfully rebounded against the key support level of $0.000100 and broke through the purple descending channel that suppressed its downward trend. The technical indicators show a bullish breakthrough indicator (H4 level), but have not yet been tested for callbacks and confirmation, and guidance needs to be maintained.
The mainstream trend remains optimistic, but short-term risks cannot be ignored
From the weekly and monthly lines, PEPE maintains an overall upward mainstream trend, and the enthusiasm of the bulls has been enhanced. However, the daily chart shows that the price is currently in a neutral range (large cloud pattern), suggesting that the short-term trend is unclear.
It is recommended that there is a strong resistance level near $0.0001300, and the current price is in an overbought state, and a short-term correction may occur.
Recommendation: Avoid FOMO and rationally plan investment strategies
In view of the above analysis, investors are advised to cautiously increase long positions before the price pulls back and retests the previous support level near $0.00001150 or $0.0001180. After breaking through the resistance level of $0.0001300, Pepecoin may usher in a new wave of gains, with a target range of around $0.0001380-0.0001400 (50% Fibonacci retracement level is $0.0001350).
Investment advice: focus on practical value and study configuration
It should be emphasized that although PEPE has a huge market value, it lacks practical application scenarios. In contrast, popular meme concept coins such as FLOKI and DOGE with practical value are more worthy of attention.
It is worth noting that although the US government has promised to further improve the credit issuance standards, the central bank has not made a clear statement, saying that "the central bank has promised to further improve the credit issuance standards."
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