The explosive market is starting! Is this cryptocurrency about to break a new high? $PEPE

Since May 8, the price has surged 50% in 3 days, jumping from 0.00000825 to 0.00001249, with trading volume hitting record highs. The current price is supported strongly at 0.00001064, with the resistance level of 0.00001397 looming above.

The MACD double lines continue to rise, the RSI is overbought but refuses to pull back, and three key moving averages have formed a golden cross. Massive funds continue to pour in, with the daily average trading volume remaining high, creating a strong bullish sentiment in the market. As long as we hold the defense line at 0.00001064, a new round of breakout could start at any moment!

Behind the surge of Pepe: Large holders' movements raise market alert

Recently, the price of Pepe surged to a three-month high, but there are risks hidden behind this explosive market. On-chain data shows that several large holders have transferred tens of millions of dollars worth of Pepe to exchanges, raising concerns about potential sell-offs.

Analysts point out that its price is significantly influenced by the meme sector, with current market sentiment dominating the trend and causing high volatility.

Although some investors are optimistic about future trends, the movements of large whales and the high volatility of the sector still need to be monitored closely. Ordinary investors are advised to remain cautious and keep a close watch on the flow of funds.

The meme coin sector as a whole has high volatility, and investors need to be careful when participating, closely observing market changes and risks.

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SUI TURMP BONK PEPE OM SOL