PEPE's recent trend is quite interesting. From the 4-hour chart, it is clearly in a downward channel, hugging the lower band of the Bollinger Bands. The rebound is weak, and the trading volume is not very active.

Currently, the price is around 0.006107. Looking downward, the support at 0.0060 is actually quite weak, with no real buyers stepping in. If you really want to get involved, you need to think carefully about how to set your stop-loss — consider using the resistance level above at 0.00625 on the 1-hour chart as your exit point. Set a threefold stop-loss in risk management, so even if your judgment is wrong, the loss remains within a controllable range.

Overall, this round of correction has not fully played out, and there is still room for testing.