$PEPE suddenly ignited the Meme sector’s momentum. Over the past 24 hours, the increase has already exceeded 30%, rallying from 0.00000399 all the way to 0.00000536. The most纠结 issue right now isn’t how much it’s gone up—it’s whether it can still be chased after reaching this level.
The current price is still hovering near the intraday high, suggesting the bid side hasn’t clearly faded for the moment. But 0.00000536 is already an obvious overhead pressure in front of us. If it breaks out on heavier volume and holds above that level, the short-term bullish strength may continue. However, if the price spikes higher but the volume can’t keep up, the unrealized profits built up beforehand are likely to start getting taken.
The entry point isn’t suitable for chasing this spike directly. It’s better to wait for a pullback to around 0.000005 and then confirm that support/absorption holds. For the exit, watch around 0.00000536: if it keeps trying to break through but can’t, and the volume gradually dries up, then you should be on guard for a short-term pullback.
The current price is still hovering near the intraday high, suggesting the bid side hasn’t clearly faded for the moment. But 0.00000536 is already an obvious overhead pressure in front of us. If it breaks out on heavier volume and holds above that level, the short-term bullish strength may continue. However, if the price spikes higher but the volume can’t keep up, the unrealized profits built up beforehand are likely to start getting taken.
The entry point isn’t suitable for chasing this spike directly. It’s better to wait for a pullback to around 0.000005 and then confirm that support/absorption holds. For the exit, watch around 0.00000536: if it keeps trying to break through but can’t, and the volume gradually dries up, then you should be on guard for a short-term pullback.