Current price: $0.00001006
Highest price during the day: $0.00001011
Lowest price during the day: $0.00000802
Percentage change in 24 hours: +24.1%
Market capitalization: $4.22 billion
Trading volume in the last 24 hours: $1.19 billion
Global ranking: #36
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Technical analysis:
Current resistance: $0.00001050
Nearby support: $0.00000870
RSI Indicator: In the buying momentum zone, with the possibility of continued rise
Chart pattern: A "cup with handle" pattern is gradually completing, indicating a potential breakout towards $0.00001460
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Positive factors:
Whale movements: Major purchase from a key investor exceeding $4.3 million, raising their holdings to over 2 trillion coins.
Stability of US markets: The Federal Reserve's decision to keep interest rates unchanged has given a boost to crypto markets.
General market condition: Collective rise of cryptocurrencies led by Bitcoin boosts the chances for meme coins like PEPE.
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My opinion:
The technical momentum is strong, and the fundamental factors are supportive. If the momentum continues and the upcoming psychological resistance is broken, PEPE could quickly head towards new highs. But as usual, risk management is essential amid volatility.
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