Will PEPE become a hundred-fold and thousand-fold coin? Is PEPE still suitable for layout?

The recent market correction trend is obvious, and technical analysts have captured key signals: the upward momentum is gradually weakening, and trading volume has shrunk simultaneously. These signs indicate that the market may face pressure in the short term.

The current market structure has shown significant differentiation characteristics. Although market corrections have occurred simultaneously in the past few months, the market logic and trends behind different currencies vary. Some currencies are still in the early stages of the bull market at the weekly level, and this correction may be to accumulate strength for the next rise. However, some currencies have already reached highs, and the recent pullback may be a sign of top building. Even if the decline stops in the short term, their upside potential will be limited.

Among many currencies, PEPE has attracted much attention recently, and its skyrocketing effect has attracted the attention of a large number of investors. However, as a member of the Memecoin series, PEPE also faces the challenges of consensus hype and lack of practical applications, and is a typical "altcoin".

Whether it is a mainstream currency, a sub-mainstream currency or an altcoin, investors need to deeply analyze market trends and grasp the buying opportunity to minimize risks when planning. Especially in the field of altcoins, due to its violent price fluctuations, investors need to have precise market insights and market identification capabilities.

Looking back at the recent trend of PEPE, after a period of correction, the power of shorts gradually weakened, until October 23, 2023, when the market's heavy volume broke through the key neckline, starting a new round of rise. Despite subsequent market corrections, this upward trend has not changed. However, the recent market performance has begun to cause concern, especially the positive line on March 4, 2024. Although the volume increased and broke through the previous high, the increase was limited, and the positive line entity shrank, showing the weakness of multiple forces.

Judging from the weekly and daily technical analysis, PEPE's current risks have increased significantly. On the weekly line, the multi-party forces have shown signs of weakness; on the daily line, the trading volume has shrunk when it rises, but has increased when it falls. This market movement is not good news for bullish investors.

For currencies like this, everyone must pay attention to risks. There will be opportunities in the short-term popularity, but you must use the market to escape from the top in time. Otherwise, like ORDI, which was very popular some time ago, no matter how well it rises, 60-70- Those who chased it with 80 US dollars are now cut in half.So we must not listen to others saying how good a certain coin is, and that it has risen so much that you should buy it quickly. At this time, we must be calm. There are so many coins in the exchange, and there is really no shortage of opportunities, but we must be able to understand the market, and opportunities belong to us. We can avoid risks by identifying the relative bottom to buy and the relative top to sell.

If you feel helpless and confused in trading at the moment, and want to know more about the relevant knowledge of the currency circle and first-hand cutting-edge information, and spot, click on the avatar to find me. Welcome to like, forward, and leave a message.

#热门话题 #PEPE