$PEPE coin support level hides secrets, a surge or a drop is just a thought away!
PEPE's performance today is quite critical, the price is oscillating around the support level of 0.0(5)933 on the one-hour candlestick chart, having previously dropped from the high of 0.0(4)103, but now has temporarily stabilized.
The trading volume has also slightly increased compared to before, indicating that funds are starting to buy in at lower levels. However, the overall market still leans towards fluctuations, with no clear signals for a significant rise or fall.
But we must recognize PEPE's recent strength, as its market cap has exceeded 10 billion dollars, firmly sitting in third place in the meme coin market, only behind Dogecoin and Shiba Inu. This coin still has considerable potential, and large investors, also known as whale investors, are actively participating.
The derivatives market is also quite active, which is good news. Therefore, I believe PEPE may continue to oscillate near the support level in the short term.
However, in the long term, with more exchanges going live and community sentiment becoming increasingly enthusiastic, PEPE is likely to surge upwards.
Let’s keep an eye on this support level of 0.0(5)933. As long as it doesn’t break down, we can continue to hold or look for opportunities to buy in. If it breaks down, we need to be cautious and may have to temporarily avoid the storm.
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