Discuss PEPE

The meme sector is soaring, while the old brands are not moving much.

PEPE has completed the bottom consolidation and second testing phase on the daily chart, with key support below around 0.0080, while the key resistance above remains around 0.011.

The four-hour chart shows three consecutive bullish candles accompanied by long upper shadows, indicating significant selling pressure in the short term. The short-term key support is around 0.0092, and based on the volume distribution chart, the upper resistance is quite dense. During the pullback process, there is also a decrease in volume. Therefore, it may be necessary to consolidate at this support level and wait for demand to enter.