Yesterday, 1000PEPE bounced back around the 0.00725 level after testing the bottom, then fluctuated upward, but overall it was still constrained by the resistance at the 0.00785 line. From the K-line structure, both bulls and bears are still in a tug-of-war, and a clear trend breakthrough has not yet formed.
Technical analysis:
Moving average system: The short-term moving averages (MA5, MA10) show a slight golden cross, indicating a short-term rebound demand, but the medium-term moving averages are still weak, and the overall trend has not yet fully reversed.
Bollinger Bands: The price is currently near the middle band of the Bollinger Bands, with a possibility of probing the upper band (0.00795) in the short term. However, if there is no effective breakthrough, it may still retest the middle band support (0.00760).
Trading volume: During yesterday's rebound, the trading volume did not significantly increase, indicating that the market is still in a cautious state. If today cannot effectively increase the volume, the rebound space may be limited.
K-line pattern: The hourly K-line has continuously closed in the green, indicating that short-term bulls are attempting a counterattack, but the pressure above is still quite apparent. It is recommended to pay attention to the breakthrough situation in the 0.00785-0.00795 area.
Operational strategy:
Today's prediction and key levels:
First take profit level: 0.0079
Second take profit level: 0.0082
Stop loss level: 0.00740
1000PEPE has a short-term rebound demand, but the overall trend remains weak. Pay attention to the breakthrough situation at 0.00785-0.00795. If a breakout occurs with volume, it is expected to challenge 0.0082; if it peaks and falls back, the support strength at 0.00760 needs to be observed. Current operations still require patience, following the trend, and it is not advisable to chase highs in the short term.
