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PEPE has decreased by 1.39% in the past 24 hours, with market sentiment showing clear polarization.
**What does the community think?**
Holders are generally optimistic about the future, with many firmly believing that PEPE is poised for a significant rally, and some even expect goals like "removing the zero from the price." This optimistic atmosphere is strong in community discussions, but what about real actions?
**Technical analysis is a bit disappointing**
The short-term EMA(7-day moving average has already fallen below the long-term EMA)25-day moving average, forming a death cross — a bearish signal. The MACD histogram also isn't encouraging, remaining flat or slightly negative, indicating increasing selling pressure. The Bollinger Bands are narrowing, with the price near the lower band, showing decreased volatility. A breakout could likely be downward.
**The truth behind the data**
The RSI(6-period and 12-period have entered oversold territory, suggesting a potential rebound. However, in the past 24 hours, PEPE experienced multiple significant net outflows, with holders continuously selling. The outflow volume is substantial, indicating persistent selling pressure. The market sentiment polarization is not without reason.
**Key judgment**
Both technical and capital indicators show cautious signals. While oversold conditions offer a rebound opportunity, selling pressure remains. Whether community confidence can translate into buying interest is crucial for stabilizing the market next.