$PEPE Musk's tweet determines the situation, hidden dangers lurk among whales, the bullish-bearish showdown at 0.000010!
News Front: The game of emotions and capital
Musk Effect Re-Emerging
On June 23, Musk tweeted 'Frog in Sunglasses Riding a Rocket,' interpreted by the community as a PEPE code, instantly boosting trading volume by 70%. However, the hype did not last, and the price remains stuck in the 0.0000088-0.000010 range.Whales hoarding vs. profit-taking panic selling
Bullish Signal: At the end of May, a giant whale swept 11.75 trillion PEPE, showing clear signs of on-chain accumulation;
Bearish Hidden Danger: A large account opened a 10x leverage long position at the high of 0.000014. If it falls below 0.000010, it may trigger liquidation and cause a chain reaction of selling pressure.
New coins diverting funds
Competitor Pepeto's pre-sale raised over $5.4 million, focusing on 280% annualized yield on staking, siphoning off some speculative funds.
Technical Analysis: Four-hour chart's life-and-death line
Key Level:
Support: 0.000010;
Resistance: 0.00001050
Indicator Signal:
MACD Death Cross: DIF crosses below DEA, short-term momentum is bearish;
Bollinger Bands Opening: The 4-hour bandwidth is expanding, indicating increased volatility, with the current price closely touching the lower band, and the downtrend has not stopped.
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