Bollinger Bands send key signals! Will $PEPE break through or pull back?
PEPE's current price has surged to $0.00001250, a daily increase of 26.52%, with market sentiment quite heated. According to the Bollinger Bands indicator, there is short-term resistance near the upper band at $0.00001257, while the middle band at $0.00000932 serves as an important support level. The market trading volume is very active, with a transaction volume of 118.3 trillion PEPE indicating that funds are pouring in madly, and the short-term moving averages also show a bullish arrangement, which may conceal overbought risks behind this strong upward trend.
The key resistance level is the intraday high at $0.00001397; if this position can be broken, the next target can be seen at $0.000015. However, it is important to note that such a surge is often accompanied by wild fluctuations. If profit-taking pressure occurs, the first line of support is at the psychological level of $0.000011, with stronger support near $0.00000985. For short-term players, it might be advisable to consider taking profits in batches within the range of $0.0000135-$0.000014; for long-term holders, it is essential to pay close attention to the key support level of $0.00000985. As long as it does not break below this position, the overall upward trend can continue.
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