$PEPE Current price: 0.00522, up 6.48% in 24 hours—one of the few still climbing today.
The real question is whether it can hold the 0.0050 level.
On the Binance 1-hour chart, the 19:00 candle saw 95.0M in volume, more than double the previous candle’s 40.8M.
Yet the price barely moved, from 0.0052145 to 0.0052121. All that activity, for nothing.
Then the 20:00 candle surged to 0.0053220, only to close at 0.0052085.
All that extra volume on this candle was just changing hands around the same price. The price didn’t make any real upward progress. You can guess who’s buying it up.
Screenshot taken at 21:00, UTC+8.
If it holds above 0.0050, there’s still 9% upside to the previous high of 0.0056871.
If it breaks below 0.0050, the next level to watch is 0.00483.
A sharp rally doesn’t mean buyers can keep it up.
Watch 0.0050, and don’t chase the second green candle.
Did you add to your meme position during this rally, or are you still holding bags from the last one?
The real question is whether it can hold the 0.0050 level.
On the Binance 1-hour chart, the 19:00 candle saw 95.0M in volume, more than double the previous candle’s 40.8M.
Yet the price barely moved, from 0.0052145 to 0.0052121. All that activity, for nothing.
Then the 20:00 candle surged to 0.0053220, only to close at 0.0052085.
All that extra volume on this candle was just changing hands around the same price. The price didn’t make any real upward progress. You can guess who’s buying it up.
Screenshot taken at 21:00, UTC+8.
If it holds above 0.0050, there’s still 9% upside to the previous high of 0.0056871.
If it breaks below 0.0050, the next level to watch is 0.00483.
A sharp rally doesn’t mean buyers can keep it up.
Watch 0.0050, and don’t chase the second green candle.
Did you add to your meme position during this rally, or are you still holding bags from the last one?
