Recently, in the crypto assets market, Pepe coin has once again attracted the attention of investors. In the past 24 hours, the price of Pepe coin has steadily risen, with an increase of 5%, and the current trading price is around 0.00001066 USD. This rise has pushed the market capitalization of Pepe coin to 4.48 billion USD, climbing to the 42nd position in the crypto assets rankings, with a daily volume exceeding 660 million USD, indicating strong market demand.

The reasons for this round of pump may be multifaceted. First, the overall Crypto Assets market sentiment is gradually improving, and after Bitcoin price stabilizes, many alternative coins have begun to show a trend of rising. As a well-known meme coin, Pepe naturally attracts the attention of a large number of investors. Secondly, the high activity of the Pepe community also provides support for the coin price.

From a technical analysis perspective, the one-hour candlestick chart of Pepe coin shows that the price has broken through several small resistance levels, and during the pullback, it did not fall below the support line of 0.00001006 USD, indicating that the bulls currently dominate. If it can stabilize above 0.0000107 USD, the next target price may be 0.0000115 USD. However, it is worth noting that the Relative Strength Index ( RSI ) is approaching the overbought zone in the short term, and investors should be cautious of a potential pullback.

For investors interested in participating, it may be worth considering entering a small position when the price pulls back to around $0.0000102, but it is recommended to keep the position under 30% of total assets and set the stop-loss point at $0.0000099. Investors who already hold positions can continue to hold, as the current trend is still upward.

However, the Crypto Assets market has always been highly volatile, and investors should act with caution and manage risks effectively. Continuously monitoring market dynamics and adjusting strategies in a timely manner will be a wise move for participating in this market.