PEPE has recently been quite lackluster, fluctuating around the middle band of the Bollinger Bands on the 4-hour chart, truly a mediocre market.
Looking at the market, it seems quite entangled; just as it forms a bullish pattern of three red soldiers, immediately there's a dark cloud covering the top. Both bulls and bears are clearly in a tug-of-war.
The key levels are quite clear, with significant resistance around 0.00001362 above, having been pushed down several times when approaching this level; below, 0.00001165 serves as strong support recently, as funds tend to prop it up every time it reaches this level.
Currently, this market is like a monkey trapped in a cage, jumping up and down but unable to break out of this range. Trading volume is also lifeless, with big funds on the sidelines, leaving only retail investors to cut each other’s positions.
Such narrow fluctuations test patience the most; any breakout direction will likely need external stimulus, either a sudden tweet from Musk or a market uprising, otherwise, it will continue to grind away.
