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Is PEPE experiencing a pullback? Or is this the prelude to a bigger rally? The key support levels tell you the answer.
In the past 24 hours, PEPE has fallen by 1.58%, but don't be fooled by short-term fluctuations — against the backdrop of a 64% weekly increase, the current correction is a typical profit-taking phenomenon. Market risk sentiment has cooled, and bears have tested support at $0.00000636.
What should we focus on next? Trading volume has significantly decreased, indicating that market momentum is re-accumulating. From a technical perspective, $0.00000652 (7-day simple moving average) forms a resistance level above. If the price can break through this area again, it is likely to usher in the next upward wave. Conversely, if it consolidates here, patience is needed in the short term until a significant volume breakout occurs.