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Meme coin sector has recently become extremely hot. PEPE surged 55% in one week, ranking among the top three assets in its category, while Dogecoin increased by 21% and Shiba Inu rose by 13%. The entire racing community is very lively.
From a technical perspective, PEPE indeed shows some interesting signs—its price has re-claimed the 100-day moving average, completing a head and shoulders bottom reversal pattern for the first time in 21 months. The MACD also shows a bullish crossover signal, and the RSI indicator has rebounded from the oversold area, releasing multiple bullish signals.
Looking upward from the support level of $0.0000058, the short-term target points to the $0.00003 level. Of course, such assets are highly volatile, so participation should be cautious.