PEPE Eyes 150% Surge After Building Support at $0.000010
The significance of reclaiming the support level
During the pullback phase, whether the price can stop falling and turn to rise at key levels is an important indicator of the market’s bullish and bearish forces. PEPE stopped falling around $0.000010 and rebounded multiple times, indicating that bulls have made large-scale purchases in this area. NewsBTC pointed out that this support area has gathered a buying liquidity of 68.27768 trillion, providing strong support for the subsequent upward trend.
The impact of liquidity depth on price
Liquidity, in simple terms, refers to the orders on the opposite side needed for prices to sustain an upward or downward movement. When the sell orders above are far greater than the buy orders below, there is momentum for the price to surge upwards. PEPE has a sell order liquidity of 10.678659 trillion around $0.000025. Once the bulls can quickly digest these orders, the price will experience a strong jump.
Targeting a price increase path of $0.000025
- Confirm rebound: After forming a double bottom in the range of $0.000010–$0.000012, initiate a preliminary rise.
- Breaking through: After breaking above the short-term resistance $0.000018, the short positions will be triggered for stop-loss, accelerating the upward movement.
- Impact target: Once the price reaches $0.000025, it corresponds to an increase of nearly 150%, also close to the historical high of $0.00002825.
Dual verification from technical and funding perspectives
- Surge in trading volume: The trading volume has continued to increase in the short term, indicating that buying pressure is strengthening.
- Capital inflow: On-chain data shows that the holdings of PEPE whale addresses are increasing, indicating that the main players are positioning themselves.
- Technical Indicators: The Relative Strength Index (RSI) has rebounded from the oversold zone and has the momentum to rise further.
How to manage positions and risks
- Incremental Position Building: You can accumulate positions in batches at $0.000010 and $0.000012 to reduce cost risks.
- Set stop loss: If the price falls below $0.000009, it is recommended to promptly stop loss and exit.
- Dynamic rebalancing: Gradually reduce positions to lock in profits as the price approaches $0.000018–$0.000020.