I took a look at PEPE's recent trends, which are quite subtle. Although the overall trend remains upward, short-term momentum has clearly weakened.
The cloud-covered K-line pattern suggests that the market is digesting previous gains. The Bollinger Bands indicate that the price is under pressure after approaching the upper band, showing a typical pullback after a rise.
Key levels to watch include the support at the middle band of the Bollinger Bands near 0.00001345, which will become the focal point for both bulls and bears. The shortening MACD histogram indicates that upward momentum is waning, but the overall trend has not completely turned bearish. As a popular meme coin, PEPE is known for its volatility, and this correction may instead provide fuel for the next wave of movement.
On-chain data shows that the frequency of large transfers has increased recently, suggesting that funds may be quietly positioning themselves. Community engagement remains high, with Twitter discussions increasing by 20% month-over-month, providing potential support for the price. The current market is like a fully drawn bowstring; the depth of the pullback will determine the strength of the subsequent breakout.
The narrowing of the Bollinger Bands signals a potential trend change, and the previous high resistance at 0.00001443 needs to be closely monitored. If it can break through, it will open up new upward space. Additionally, several exchanges have recently added PEPE trading pairs, which continues to improve liquidity. A community-driven NFT project is about to launch, which may bring new speculative hotspots.
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