What new actions are the PEPE project parties taking? Beware of good news turning into bad news!

This recent surge in PEPE seems a bit hollow! The four-hour chart shows a rise followed by a drop, indicating that the bulls are losing momentum.

Although the trading volume looks okay, it hasn't exploded compared to before, suggesting that no significant funds are entering the market, and the market activity is average.

The MACD momentum is weakening, with the DIF and DEA lines converging, and the MACD histogram shrinking, indicating insufficient upward momentum. The KDJ has also fallen into the oversold zone, with the J value at only 9.89; the technical indicators are all bearish!

However, the moving average system shows that MA5 and MA10 are still pressing down from above, indicating clear short-term resistance. I believe today will be a period of fluctuating decline.

But don't get too excited; if there is sudden good news on the chain or large investors sweep up, a rebound from an oversold condition is also possible. However, the overall trend hasn't changed; preserving your principal is key, and don't be the last one to take over!

Recently, there have been rumors in the market about new actions from the PEPE project parties, but specific news has yet to materialize. It is advisable to closely monitor the project's dynamics and flexibly adjust strategies.

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