PEPE goes out of the circle, MEME carnival
Brothers, PEPE the frog has gone out of the circle again. With the big cake breaking the historical high again in the early morning yesterday, it reached 93K. Unexpectedly, the second one to break the historical high in this bull market was PEPE. Due to the listing of CoinBase, PEPE soared up to double in a short period of time, successfully breaking the historical high, and became the second altcoin to explode after Dogecoin.
However, it should be noted that PEPE's whales have begun to take profits, because there are 2 trillion PEPE fund addresses that dumped 500 billion immediately after breaking the historical high. It is still recommended that brothers who love PEPE do not blindly chase highs in the short term. If there is no accident in this round, after the big two have risen, the MEME sector will definitely be the first sector to contact the traffic, and it will also be the first to rotate.
During this period, whether it is the old MEME, such as Doge, Shib, PEPE, or the newer ones like Hat Dog, MAGA, and Squirrel, they have risen rapidly, bringing another wave of spring to the MEME project. However, there are still certain risks in copycats. I hope everyone will be cautious and rational, look at it from the perspective of an investor, reasonably control your positions, and be sure to distinguish what can be taken and what cannot be taken.
Let’s talk about today’s big cake market analysis: From the K-line, there is a stop-fall phenomenon at the 1-hour level, a decline at the 4-hour level, a confirmed decline at the 12-hour level, and a decline at the daily level. The intraday pressure level is 90,000 and the support level is 85,200 US dollars.
