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
2025/6/10 #PEPE Current trend assessment: Short-term upward trend established, but caution is needed for pullback risks.
Key Indicator Analysis:
1. Price and EMA:
The latest closing price ( 0.000013 ) has stabilized above the EMA fast line ( 0.000012 ), and the EMA fast line has started to diverge upwards.
The EMA golden cross pattern has appeared (the fast line is about to cross above the slow line), which is a typical bullish signal.
2. MACD Indicator:
The MACD histogram continues to expand (latest value 1.44e-07), and the DIF line ( 1.75e-07 has crossed above the DEA line ) 3.08e-08.
The strong bullish pattern of "golden cross above the zero axis" appears.
3. Volume Coordination:
The breakout is accompanied by significant volume (reaching 74.52 million at 20:00 on June 9, which is 2-3 times the recent average)
The latest K-line contraction pullback is a healthy adjustment.
4. RSI Series Indicators:
RSI(69.35) enters the strong zone but is not overbought (<70)
StochRSI(95.17/86.36) shows short-term overbought conditions, and may face a technical correction.
Multi-Period Verification:
Short term (last 10 candlesticks): a clear rising channel has formed, with 3 consecutive bullish candles breaking the previous high.
Mid-term (all data): Since the low point of 0.000011 on June 5, it has rebounded over 18%, and MACD has continued to strengthen after the bottom divergence.
Risk Warning:
1. StochRSI double line overbought may trigger a short-term pullback
2. There is a previous high resistance level at 0.000013
3. Need to pay attention to whether the EMA slow line (0.000012) can turn into support.
Operation Suggestions:
Radical: Open a long position at the current price with a stop loss set at 0.0000128 (below the previous low)
Conservative: Wait for a pullback to the EMA fast line ( and intervene after it stabilizes at 0.000012).
Key observation points: If it breaks below 0.000012 and the MACD forms a death cross, then the trend may reverse.
The current market is under the control of bulls, but it is recommended to confirm the trend's sustainability by considering larger timeframes (such as daily charts). A simultaneous rise in volume and price at this level usually indicates a strong continuation of the trend; however, the volatility of cryptocurrencies is severe, so strict risk management is necessary.