Recently, PEPE is facing an unprecedented opportunity for a price increase, with two key factors potentially pushing it towards a new height of $0.000060, representing an astonishing 200% increase.

Firstly, it is worth noting the spot inflow/outflow data for PEPE. Since November 13, PEPE has seen a capital outflow of $341 million from exchanges, which undoubtedly sends a strong signal to the market. In the cryptocurrency space, withdrawing funds from exchanges to wallets is often viewed as an ideal buying opportunity and a potential sign of upward movement. This outflow phenomenon of PEPE not only indicates the covert positioning of large funds but also suggests strong market confidence in its future performance.

Secondly, from a technical analysis perspective, PEPE also exhibits impressive upward potential. AMBCrypto's technical analysis shows that PEPE has successfully broken the bullish flag and peak price action patterns on the daily timeframe, a signal that undoubtedly brings great encouragement to investors. More importantly, if PEPE's daily closing price can surpass the critical level of $0.0000216, then within the next few days, its price is expected to surge by 200%, targeting a new height of $0.000060.

Meanwhile, PEPE's Relative Strength Index (RSI) also provides strong support for its upward movement. As of the latest data, PEPE's RSI value is 62, still within a relatively healthy range, far below the overbought area, indicating that this meme coin still has significant room for growth in the future.

However, the market is not without its challenges. AMBCrypto's analysis of Coinglass data also points out that traders hold a large number of long positions, but excessive leverage has also brought potential risks. The main liquidation levels are down at $0.0000199 (long position of $7.4 million) and up at $0.00002143 (short position of $5.05 million). Decisions made by traders at these critical points will directly impact the price fluctuations of PEPE.

Despite this, PEPE's performance in the past 24 hours is still commendable. Although the price has dropped by 1.10%, trading at around $0.00002097, its trading volume has decreased by 15%, which may indicate that the market is experiencing a brief adjustment rather than a genuine downward trend.

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