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1000PEPE has recently tested the upper Bollinger Bands multiple times, but has failed to effectively break through, reflecting the weakness of buying momentum in the market. The upper Bollinger Band has now become a key resistance level, and several failed rebounds have significantly decreased the market's confidence in further increases.

From a technical perspective, the MACD has formed a death cross, and the bearish trend is becoming more evident, with market sentiment gradually turning pessimistic. The correction signal from the MACD death cross suggests that prices may face adjustment risks in the short term. If the support below cannot be effectively maintained, the possibility of further declines is also increasing.

In this environment, it is important to remain cautious and closely monitor the performance of key support levels, as market volatility may increase in the short term. In the coming days, how the trend unfolds will be the focal point of market attention.

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