25.01.01 Evening Market Overview: ETH On-Chain Gold Dog PEPE (Continuation)

With Elon Musk tweeting yesterday afternoon along with a picture similar to the PEPE frog, the price of $PEPE surged by about 20%. Meanwhile, tokens with names like Kekius Maximus also saw direct increases of hundreds of times. The reasons behind this are worth exploring. Is it a resurgence of PEPE, or a new token KM being promoted? Currently, there are already hundreds of KM-like tokens on the SOL and ETH chains. Everyone should be discerning and not blindly follow trends.

Early this morning, Musk posted again with an image of a frog gladiator, but PEPE did not see a significant increase and instead fell by about 10%. Perhaps today is New Year's Day, and the U.S. stock market is closed for a day, resulting in insufficient liquidity worldwide. Let's see what the situation is like tonight.

Yesterday, the resonance of resistance and support at 0.2181 was perfectly timed, with a peak of 0.2185 quickly retracting, accurate to 0.0004. Today, a SIFU pattern has emerged again on the 4H chart. According to the SIFU pattern, point D is predicted to rebound around 0.1600, allowing for a low-leverage long position, with a stop loss at 0.1442, T1 target at 0.1826, T2 target at 0.1963. For spot trading, one can enter at this position, just add to the position at 0.1442.

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