Let's talk on the first day of 2025$PEPE Market trends. The price movement of PEPE has attracted considerable attention in the past couple of days, especially with Musk tweeting twice, which has further ignited interest in PEPE. So, what are the highlights of this market round? How should we seize trading opportunities? Let's take a look!
K-line pattern: oscillating upward, with solid support
Recently, the K-line pattern of PEPE has shown an overall oscillating upward trend, especially after several K-lines with long lower shadows appeared, revealing support below. Such long lower shadows usually indicate strong buying power, with funds supporting the price during every dip. From the chart, the EMA20 moving average (yellow line) is supporting the price, while the EMA60 and EMA120 moving averages (blue and purple lines) also show a bullish arrangement, indicating that both short-term and medium-term trends are looking good.
Technical Indicators: 1-hour K-line [Bullish signals evident]
1. MACD:
Currently, the DIF line and DEA line are operating near the zero axis. Although there is no strong upward momentum, bullish forces hold a certain advantage. The MACD histogram has started to shorten, which may indicate the end of a period of adjustment.
2. RSI:
The current RSI6 value is 48.24, close to the neutral zone, indicating that there are no extreme situations of overbought or oversold in the short term, and market sentiment remains relatively stable.
3. Moving Average System (EMA):
The chart shows that the EMA20, EMA60, and EMA120 moving averages are diverging upwards, forming a typical bullish arrangement. This usually indicates potential for further price advances.
Trading Volume: The relationship between volume and price is noteworthy
On December 31, the trading volume suddenly increased, directly driving the price to rise rapidly. However, the trading volume has recently declined, which may be due to short-term profit-taking. Overall, the volume is still at a healthy level, with no signs of significant contraction.
In conjunction with the Musk incident: the boost of meme culture! It is worth mentioning that Musk has tweeted twice about content related to frog elements (including an image of PEPE as a Roman general), providing additional support for PEPE's popularity. Historical experience tells us that Musk's statements often lead to short-term market sentiment fluctuations, but in the medium to long term, we still need to return to fundamental support.
Trading Strategy: How to seize opportunities?
1. If you already hold PEPE, you can pay attention to 0.00002015 (near EMA20) as a support level in the short term. If it can hold steady without breaking, you can continue to hold;
2. If you have not entered yet, you can wait for the price to break through and stabilize above 0.00002185 before considering a long position;
3. Set the stop-loss suggestion near EMA120, at the level of 0.00001888, to prevent sudden market reversals.
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Finally, let's summarize: currently, PEPE shows a stable upward pattern on the hourly level, with bullish forces clearly dominant, but changes in trading volume and the effects of Musk's statements need to be continuously monitored. In the short term, one can try to seize opportunities, but risk awareness must be maintained.
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