Some people always ask whether to continue holding PEPE or to change positions first.
During this period, PEPE and WIF have risen successively, and in the copycat market, it seems that meme coins seem to be taking over this bull market.
PEPE has risen by as much as 1166% year-to-date (YTD), while WIF has risen by as much as 2200% during this period. PEPE makes meme cryptocurrencies stand out
And the soaring PEPE is also among the top 20 cryptocurrencies in market value within a year of its launch.
PEPE prices have risen by about 120% in the past 30 days, setting a record high.
Despite the surge in the price and open interest of meme coins, the financing rate on cryptocurrency exchanges remains negative. The financing rate represents the cost of holding a perpetual swap or futures contract position relative to the spot price of the asset. A positive financing rate indicates bullish market sentiment, while a negative financing rate indicates bearish market sentiment.
If the bulls fail to break through the 1.1618 Fibonacci barrier, there will be a pullback and the price may fall to $0.00001300 and then to $0.00001000.
Key Levels:
Resistance: $0.00002000 - $0.00002600
Support Level: $0.00001300-$0.00001000
Currently bullish sentiment, if you are a contract, you can manage your position appropriately. If your position is not large now, you can continue to hold it to protect your capital.
Of course, the bull market is surging at present. If you take the initiative to find me, you can keep up with the strategy deployment of Daxing Investment Research Society in real time.
My strategies are shared free of charge to fans. Maybe it can give you some reference.
