PEPE surged to 0.00000511, then fell back to 0.00000456. I’m watching just two price levels.
What I saw: On 10/23 (UTC daily candle), PEPE rose 16% from the open intraday, then gave back about 76% of its gains by the close, leaving a long upper wick.
Trading volume that day was about 2.4 times the 50-day average.
CoinDesk reported that PEPE was up 23% for the week and led its 100-coin index that day, but there was no clear catalyst; similar coins like FLOKI, BONK, and SHIB were still down as much as 16% on the month.
24/7 Wall St. noted that overall market trading volume actually fell 24.6% as PEPE rallied.
My take: A single coin rising without news or fresh money looks more like a squeeze that forced shorts out than spot buying stepping in.
What I’m doing: Watching, not chasing; not trying to catch a falling knife.
Resistance: 0.00000511 (the 10/23 high). If it closes above that level on strong daily volume, my view is invalidated.
Support: 0.00000438 (the 10/23 low). If it breaks below the 50-day moving average at 0.00000403, the rebound is over—don’t rush to buy the dip.
Pick one: Will PEPE first close above 0.00000511, or fall back to 0.00000403?
PEPE SHIB BTC
#PEPE #meme板块关注热点
What I saw: On 10/23 (UTC daily candle), PEPE rose 16% from the open intraday, then gave back about 76% of its gains by the close, leaving a long upper wick.
Trading volume that day was about 2.4 times the 50-day average.
CoinDesk reported that PEPE was up 23% for the week and led its 100-coin index that day, but there was no clear catalyst; similar coins like FLOKI, BONK, and SHIB were still down as much as 16% on the month.
24/7 Wall St. noted that overall market trading volume actually fell 24.6% as PEPE rallied.
My take: A single coin rising without news or fresh money looks more like a squeeze that forced shorts out than spot buying stepping in.
What I’m doing: Watching, not chasing; not trying to catch a falling knife.
Resistance: 0.00000511 (the 10/23 high). If it closes above that level on strong daily volume, my view is invalidated.
Support: 0.00000438 (the 10/23 low). If it breaks below the 50-day moving average at 0.00000403, the rebound is over—don’t rush to buy the dip.
Pick one: Will PEPE first close above 0.00000511, or fall back to 0.00000403?
PEPE SHIB BTC
#PEPE #meme板块关注热点