PEPE's wave is here
Ballet on the high-pressure line
Stand firm and you can fly!
News analysis
Payment implementation supports confidence: Bitnile social casino announced in early June that it accepts PEPE payments, enhancing actual usage demand, which may form price support in the medium to long term.
Whales secretly hoarding: On-chain data shows that over 11.75 trillion PEPE (about $27.9 million) was transferred from exchanges to unknown wallets at the end of May, suspected large holders accumulating; one whale even took a long position of $20 million with 10x leverage, betting on a rise.
Musk effect residual: The May tweet ‘Sunglass frog riding a rocket’ triggered a 30% daily increase. If topics arise again, it may ignite FOMO sentiment.
Technical breakout point
Bollinger Bands are tightening, waiting for a trend change: 4-hour chart price is close to the upper band (around 0.00001295). If it breaks through 0.000013 with volume, it will open up space to the previous high of 0.00001686.
MACD golden cross but RSI warning: MACD continues to rise, buying power has not weakened; however, the 30-minute RSI is above 70, short-term caution against false breakouts and pullbacks.
Triangle consolidation nearing end: Symmetrical triangle is suppressed at 0.0000128, support has moved up to 0.0000114, and the sharp drop in volatility indicates a direction will emerge within 48 hours.
Operation Summary
Breakout to chase long: If it holds above 0.00001295 with volume, target 0.000015 (+20%), with a stop-loss at 0.0000123.
False breakout reversal: If it spikes and falls below 0.0000114, turn bearish and target 0.000010 (support level), with a stop-loss at 0.000012.
Position holder strategy: Position ≤ 5%, take profits in batches, beware of spikes!
