Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
Recently observed PEPE's performance in the market, so I will record a few points of observation.
PEPE is currently trading around $0.000007, with a 24-hour increase of approximately 1.69%. From a technical perspective, the RSI reading is 53.7, indicating a neutral zone—neither overbought nor oversold, showing an overall stable trend. The support level is at $0.000006, and the $0.000007 line acts both as resistance and a potential breakout point. Once the price stabilizes and breaks through, a slight rebound may occur; conversely, it could also face a correction, so risk-reward needs to be carefully weighed.
The meme coin sector has indeed shown some signs of recovery recently. Coins like PEPE and BONK are performing quite well, especially now that Bitcoin hovers below 94K. These small-cap, highly volatile coins are attracting a wave of capital inflow. The underlying logic is simple—when mainstream coins have limited gains, the market seeks higher return opportunities, which is a typical capital rotation phenomenon.
But there is one thing to watch out for: this kind of meme coin trend is often driven by sentiment. The hype comes quickly and goes just as fast; yesterday’s hot topic might be today’s cold storage. Short-term speculation and long-term investment are two different things, and participants should be aware of that.
PEPE's rise might just be a part of market rotation or a short-term capital probe. The technical outlook is mild, but volatility still exists. This means that if you want to participate, small positions for testing waters might be a more rational choice. Most importantly, don’t get blinded by the gains and chase highs blindly. The market is always changing, and maintaining a cautious mindset is often wiser than rushing to bet.