Binance 1000PEPEUSDT 1h Trend Prediction

From the short-term candlestick chart, following a significant rally earlier, the current price is in a rapid declining trend, with trading volume decreasing, indicating limited rebound momentum. The Bollinger Bands widen, but the price is nearly close to the lower band, showing the market is in a weak phase, with insufficient breakout momentum, and further downward movement is likely. MACD and RSI continue to weaken, with a clear short-term bearish advantage, while KDJ remains in a low territory without a definitive turning point; cautious long entries should wait for indicator divergence and rebound signals. Large institutional long positions are high but still cannot prevent price decline, indicating that bearish sentiment dominates the market. The funding rate shows no abnormal changes, thus failing to effectively trigger a bullish counterattack. Support and resistance zones indicate that the support levels S1-S3 below are key focus areas for the next hour; if these levels are broken, the decline could further accelerate. High-position buying is not recommended at current levels. For the next cycle, focus on the 0.00598-0.00605 range for stabilization; if a bottom divergence signal appears, consider low-position accumulation. The current strategy is primarily defensive, with strict stop-loss placement and cautious operation due to high short-term volatility.