PEPE recent price review

Figure:https://www.gate.com/trade/PEPE_USDT

Recently, PEPE has received multiple market bottom-fishing support around $0.000010, showing a significant rebound. Since mid-second quarter, with the overall recovery of the cryptocurrency market, the trading volume and open interest of PEPE have increased, forming a consolidation zone at the key support level. According to NewsBTC reports, Crypto Inside pointed out that PEPE has repeatedly tested and held this support zone since early July, laying the foundation for the subsequent rise.

The rebound power brought by strong support

In technical analysis, a "strong support" often refers to an area where prices stop falling and attract buying interest. The $0.000010 range for PEPE also carries a significant amount of buy order liquidity. According to the data, the total amount of buy orders below this point is approximately 68.27768 trillion (units: token quantity), while the sell order liquidity near $0.000025 reaches as high as 106.78659 trillion, creating a clear "liquidity energy gap." .

The principle of capturing high liquidity

Crypto Inside emphasizes that the price fluctuations of cryptocurrencies are often driven by transfers from one liquidity pool to another. This means that when the lower liquidity is almost exhausted and the upper liquidity is abundant, the price is expected to rise quickly to "clear" the high-limit orders. The current sell orders of PEPE are providing "fuel" for the price to rise, and once it starts, it may experience significant volatility and reach $0.000025.

The path and resistance level of a 150% rise

• First stage impact: After holding the support at $0.000010, the short-term resistance can be observed in the range of $0.000015–$0.000018.

• Phase Two Breakthrough: After the breakthrough, it will directly aim for the main target $0.000025, which is near the historical high and corresponds to the core liquidity area above.

• Potential resistance: If the price encounters selling pressure around $0.000020, caution is needed for a pullback; if it breaks below $0.000010, the signal turns to extreme caution.

Risk warnings that investors should pay attention to

1. High volatility risk: A 150% expected rise comes with severe fluctuations, and strict stop-loss measures are required for entry.

2. Market influence: Social media sentiment and whale fund movements will amplify price fluctuations.

3. Liquidity changes: Liquidity depth is not static and requires close attention to on-chain order data.