The fate of meme coins
Half relies on market makers, half relies on narrative
The next wave of PEPE depends on whose story is crazier!
News:
Three knives of risk
Warning from a certain exchange: PEPE contract open interest has surged, the exchange may take the opportunity to 'pin and harvest'.
Large holder sell pressure: A historical trapped volume of 42 trillion coins is piled up around 0.00001150, a breakthrough requires significant funds.
Regulatory cold arrow: The new proposal from the SEC may target meme coins, a black swan could happen at any time.
Technical Analysis:
Triangle convergence, countdown to a trend change
Bollinger Bands: The 4-hour chart channel is rapidly narrowing, with prices stuck below the middle band, weak oscillation.
MACD: The green bars shorten after the death cross, but DIF and DEA are still stuck below the 0 axis.
Key Levels:
Defensive bottom: 0.00001024
Trigger point: Break through 0.00001150 with volume → Target 0.00001380
Ceiling: 0.00001632
Operation summary: Wait in the ambush zone, wait for the wind!
Spot party:
Buy in batches around the current price of 0.00001055, with a stop loss at 0.00000990.
Add positions after breaking 0.00001150, target 0.00001380.
Contract party:
Wait and see! Bollinger Bands are narrowing + pin risk = a trap for both bulls and bears.
If it breaks 0.00001150 with volume, consider going long on a pullback.
Discipline for everyone:
News > Technical Analysis! Keep a close eye on ETH ETF approvals and announcements from certain exchanges.
