On-chain selling pressure surges! $PEPE may face a bloodbath warning in the short term!
Today, PEPE is showing a narrow range of consolidation at the 4-hour level, with prices repeatedly testing the key level around 0.041035.
After reaching a daily high of 0.041632, it slightly retreated, with the low temporarily holding the support range at 0.041035, and the amplitude narrowing to 0.68%, indicating an equilibrium in the bullish and bearish struggle.
From the indicators, the MACD dual lines are flattening near the zero axis, with volume slightly shrinking compared to previous days, and the RSI maintaining the neutral zone at 50, reflecting a cautious short-term market sentiment.
It is essential to pay attention to whether there can be an effective breakthrough of the short-term pressure at 0.04135 or a drop below the support at 0.041035, to clarify the short-term direction.
Are you trapped? When to bottom fish? Still the same saying, feeling lost and helpless not knowing what to do, click the profile picture to follow me. I need fans and you need references; guessing is not as good as following!