1. Review of yesterday's trend
From the 4-hour K-line chart, PEPE continued its rebound trend yesterday, with the price strongly rising from the 0.017500 area, breaking through the MA7 (0.0180) and MA30 (0.0175) moving average pressures, peaking at 0.0192 before retracing, currently fluctuating around 0.0185. The rebound momentum mainly comes from testing MA100 (0.0189), but after reaching this resistance, bullish momentum weakened, entering a high-level fluctuation.
2. Technical indicator analysis
Moving average system (MA): MA7 and MA30, the price stabilizes above the short-term moving average support, indicating a bullish short-term trend; MA100 has become a key resistance level above, effective break will open space for further upward movement.
Bollinger Bands (BOLL): The current price is close to the upper Bollinger Band, indicating strong bullish strength, but may face adjustment pressure in the short term; the middle band support level is around 0.0178000 and can be used as a key observation point for retracements.
MACD indicator: After the MACD fast and slow lines formed a golden cross, they continued to rise, with red momentum bars expanding, indicating that bulls still dominate in the short term, but momentum shows a gradual declining trend.
RSI indicator: RSI is currently in the 68-72 range, close to overbought territory, with limited short-term upward space.
3. Today's trend prediction
The short-term rebound trend of PEPE remains valid, but the current bullish momentum has weakened. Today's price is expected to fluctuate within the 0.017800-0.019800 range. Focus on defending the 0.018000 support level and breaking through the 0.019800 resistance level.
4. Today's operational advice
Direction: Go long
Opening position: Enter when retracing to around 0.0184
First take profit level: 0.0195-0.0198 (key resistance above)
Second take profit level: 0.0205-0.0210
Stop-loss level: 0.0175
5. Risk warning
Retracement risk: If unable to break through 0.019800, it may retrace to 0.017800-0.018000.
Insufficient volume: If the short-term rebound lacks sustained buying support, it may lead to the price retesting the middle band.
Market sentiment risk: As a highly volatile currency, PEPE requires caution against sudden news impacts on trends.
6. Comprehensive summary
PEPE still has the potential for further upward movement in the short term, but is currently facing important resistance areas. The operation suggests buying on dips and paying attention to key breakout points.
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