$PEPE Today's high and fall hide risks, will it continue to decline in the short term?
Today, the price of PEPE rose to 0.0116286 before closing down at 0.0115083, with a long upper shadow exposing signs of the main force raising the price for unloading, while following retail investors are trapped.
Three major technical signals warn of risks: the 7-day moving average has formed a dead cross below the 30-day moving average, although the MACD shows green bars, the DIF/DEA are still underwater, and the RSI three lines are concentrated in the 50-60 range. In terms of trading volume, today 32.2 billion PEPE were traded, which is halved compared to the 5-day average volume, showing extremely weak buying willingness.
On the news front, bearish factors suppress rebounds. ETH surged 15% after Powell's dovish speech, but PEPE only rose 19% before quickly falling back, with its increase far lower than that of DOGE and other similar coins. Funds are accelerating towards RWA, AI coins, and L2 leaders, with a certain whale selling 82 billion PEPE this morning, directly suppressing the rebound momentum.
In the upcoming market, I will prepare for a big wave; those who believe need not say much, just come directly if you agree.
