#1000PEPEUSDT
Market Insight
On April 9th, Canary Capital submitted a spot PEPE ETF application to the SEC, which is a medium-term bullish expectation, but the timeline is lengthy and uncertainty is high.
Whales have been stacking up 800 billion PEPE by the end of April, but overall they are still sitting on a paper loss of about $5.09 million, indicating their entry costs are quite high.
Short-term support is at 0.00424–0.00425 (24h low zone), if it breaks below this, we might see a dip to 0.00419–0.00420.
Resistance is found at 0.00438–0.00439 (24h high), with strong resistance at 0.00459 (the peak hit on May 10th).
Market Insight
On April 9th, Canary Capital submitted a spot PEPE ETF application to the SEC, which is a medium-term bullish expectation, but the timeline is lengthy and uncertainty is high.
Whales have been stacking up 800 billion PEPE by the end of April, but overall they are still sitting on a paper loss of about $5.09 million, indicating their entry costs are quite high.
Short-term support is at 0.00424–0.00425 (24h low zone), if it breaks below this, we might see a dip to 0.00419–0.00420.
Resistance is found at 0.00438–0.00439 (24h high), with strong resistance at 0.00459 (the peak hit on May 10th).