The analysis of PEPE is as follows:
On the daily chart, PEPE is still in a short trend. Investors are advised to turn to the 4-hour level to look for short signals, that is, wait for the appearance of purple dots.
At the 4-hour level, pay attention to the key resistance level of 0.00000911.
If the price fails to effectively break through this position and a confirmed purple dot signal appears later, you can consider placing a short order.
The three target prices below are set at 0.00000890, 0.00000869 and 0.00000850.
However, if the market trend reverses and the price successfully breaks through the long-short dividing point at the 4-hour level, the strategy should be adjusted to look for long buying opportunities at the 1-hour level, that is, the yellow dot signal.
At this time, the upper target price may reach 0.00000940, 0.00000960 and 0.00000977.
The above is the technical analysis and suggestions for PEPE. Investors can operate according to market conditions and personal risk preferences.
