PEPE Strong Rebound, Can It Stir Waves Again?

Market Analysis

PEPE's current price is $0.00002534, with an intraday increase of +18.30%. From the chart, the recent surge in PEPE has broken through the short-term consolidation range, and the moving average system shows a bullish arrangement. The RSI indicator is around 78, indicating a short-term overbought condition, which may face some profit-taking pressure.

Support and Resistance Levels

Support Levels:

1. $0.00002085

2. $0.00001800

3. $0.00001380

Resistance Levels:

1. $0.00002690

2. $0.00002900

3. $0.00003150

Short-term Trading Strategy

Long Strategy

• Entry Point: $0.00002085

• Add Position Point: $0.00001800

• Stop Loss Point: $0.00001380

• Multi-level Take Profit Points: $0.00002690, $0.00002900, $0.00003150

Short Strategy

• Entry Point: $0.00002690

• Add Position Point: $0.00002900

• Stop Loss Point: $0.00003150

• Multi-level Take Profit Points: $0.00002085, $0.00001800, $0.00001380

If PEPE continues to surge and breaks through the $0.00002690 resistance, it may attract more buying funds, and the price is expected to challenge the range of $0.00002900 to $0.00003150. However, if the volume decreases, it may retrace to the $0.00002085 area for consolidation.

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