In the past couple of days, I've seen some preheating news about PEPE, which has indeed attracted a lot of attention. Setting aside the hype component, let's look at the data.

Currently, PEPE's price is stuck at $0.000005. From the trend, the upward momentum is quite obvious. The most interesting thing is that the RSI has already surged to 104.6, which in itself indicates how crazy the market buying pressure is. Support is at $0.000005, with resistance at $0.000006. If it truly breaks through this key level, there is still a possibility of continuing to surge to $0.000007 or even higher.

Honestly, in this kind of market, relying solely on technical indicators is sometimes not the most important. The community's enthusiasm and capital sentiment are the real drivers of the price. The popularity here and the level of discussion mean that the subsequent performance usually won't be too bad.

Many people are starting to adjust their strategies. Some plan to increase their position to 30%, set a stop-loss at $0.0000048, and wait to see if it can reach $0.000006. Once it truly breaks above, the next target is directly aiming for $0.000007 and higher. Missing this opportunity at such times would indeed be regretful, but blindly chasing the high is not advisable. Managing your risk tolerance is the most important.

What do you all think about this PEPE rally? Is this a good entry point?