PEPE has seen a good increase this week. As a representative of Meme coins, the community's buzz has been quite high recently. Although there was a correction in the past 24 hours, trading volume remains healthy, and market participation is holding up well. However, to be honest, these types of coins lack real application support and are entirely driven by sentiment and trending topics. Entering the market now to chase the high carries significant risk.
**Technical Analysis**
PEPE is still in a short-term rebound channel, with trading volume continuously increasing, which is worth noting. The key support level is at 0.00000600, with resistance at 0.00000650. According to the RSI indicator, it is approaching the overbought zone, indicating that the rebound may be nearing its peak, and the pullback pressure is rising. If this level cannot break through the resistance, a more noticeable correction could occur.
**Trading Strategy**
If you want to participate, you might consider a small position within the range of 0.00000600 to 0.00000610 for a trial order, but be sure to set a stop-loss. If it breaks below 0.00000580, you should exit decisively. If all goes well, the target is set at the resistance level of 0.00000650.
Before confirming a firm hold above the resistance, don’t rush to add positions. These coins are easily manipulated by whales, and their hype can quickly fade. Always stay alert. Proper position management is crucial; ideally, no single position should exceed 3% of your total funds, with risk control being the top priority.
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**Meme Sector Leading Market Update**
PEPE has seen a good increase this week. As a representative of Meme coins, the community's buzz has been quite high recently. Although there was a correction in the past 24 hours, trading volume remains healthy, and market participation is holding up well. However, to be honest, these types of coins lack real application support and are entirely driven by sentiment and trending topics. Entering the market now to chase the high carries significant risk.
**Technical Analysis**
PEPE is still in a short-term rebound channel, with trading volume continuously increasing, which is worth noting. The key support level is at 0.00000600, with resistance at 0.00000650. According to the RSI indicator, it is approaching the overbought zone, indicating that the rebound may be nearing its peak, and the pullback pressure is rising. If this level cannot break through the resistance, a more noticeable correction could occur.
**Trading Strategy**
If you want to participate, you might consider a small position within the range of 0.00000600 to 0.00000610 for a trial order, but be sure to set a stop-loss. If it breaks below 0.00000580, you should exit decisively. If all goes well, the target is set at the resistance level of 0.00000650.
Before confirming a firm hold above the resistance, don’t rush to add positions. These coins are easily manipulated by whales, and their hype can quickly fade. Always stay alert. Proper position management is crucial; ideally, no single position should exceed 3% of your total funds, with risk control being the top priority.