PEPE is overbought in the short term and will be pulled back.
This wave of PEPE has risen by 60% from the low.
It is really too strong. It is the leader among all meme coins. I think there is no problem for PEPE to break the market value of 10 billion, but this is a later story.
In the short term, PEPE needs to be pulled back. It will be pulled back if it rises too fast.
Just like running too fast, you have to take a break.
It is expected that PEPE will be pulled back to around 0.00001, that is, near the moving average.
Tonight, whether Ethereum passes or not, it will be bad news.
Passing, the good news will be realized, short-term bad news, long-term bullish.
Not passing, the temporary expectation is gone, and it is also bad news in the short term.
ETH is not recommended to chase, and the same is true for PEPE.
