About the trend of PEPE!
Since the approval of Ethereum's ETF, coupled with the fact that Vitalik is dating a girlfriend recently, ETH has been frequently sold by Vitalik for money, and even institutional net inflows cannot restart ETH, resulting in all tokens in the ETF ecosystem being half-dead, and PEPE has also entered a sideways phase recently.
After the recent market downturn caused PEPE to fall further, Pepe rebounded from the support level of $0.00000773, and the rebound from the descending triangle position has appeared. Next, it only needs to rebound to $0.00000805, and at the same time stand firm to continue to rise to the next resistance level of $0.00000895. The Bollinger Bands are composed of a moving average between two standard deviation lines, showing that PEPE is oversold. This lays the foundation for a rebound to $0.00000949 or even higher $0.00001000.
The relative strength index (RSI) is 40.28, indicating that the upward momentum may be strengthening.
The potential of pepe cannot be underestimated. For the time being, the market has not made any breakthroughs. Waiting for the recovery of Ethereum, pepe is bound to return to the basic position of $0.00001.
Remember, if you view your investment as a long-term investment, the decline in the market should be seen as an opportunity. It provides an opportunity to buy more tokens at a lower price. Before making any purchases, it is crucial to develop a strategy and never invest all your funds in it.
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