1000PEPEUSDT is currently facing some resistance. Multiple timeframes are indeed overbought, but the most concerning issue behind this is: trading volume is shrinking.

The technical indicators make this clear. The 15-minute RSI is at 64, still neutral, but looking upward it’s exploding— the 1-hour RSI has already surged to 77, indicating overbought, and the 4-hour RSI is even more extreme, soaring to 93, which is a sign of extreme overbought conditions. Although the MACD histogram is still slightly upward, trading volume has dropped sharply, shrinking compared to the previous few candles.

What does this mean? The upward momentum is losing strength.

**Key price levels are here:**

Currently stuck at the psychological level of 0.0100. Resistance levels are at 0.0105 and 0.0110, while support levels are at 0.0096 and 0.0092.

**How to play? My logic is as follows:**

If it breaks through 0.0105 with volume confirmation, then go light and follow, targeting 0.0110, with a stop-loss set at 0.0102. If it falls below 0.0096, then basically switch to short or just watch, with a target down at 0.0092. The key is not to go against the trend and try to catch the bottom.

My current choice? **Wait and see**. The combination of extreme overbought and shrinking volume is telling you not to chase the high. Either wait for it to pull back and stabilize around 0.0096 before lightly entering long positions, or wait for a breakout above 0.0105 with volume confirmation before following. No matter which path you choose, stop-loss is a must, and position size should be tightly controlled.