My people! Attention, attention! The little frog PEPE is going down like a roller coaster! 📉 This month, its value has dropped by 35%, and if we look at the year so far, it's 25.7% less! 😬 So, if you bought PEPE this year, you're in the red, my friend! 💸
But here's the interesting part, the drama of the crypto soap opera! 🎭 Despite this drop, there's something that is leaving many speechless: 37% of PEPE holders have not sold a single token in an entire year! 😱 Yes, you heard right, a year! And 57% of wallets have between 1 and 12 million of these tokens just sitting there! Do they have 'diamond hands' and blind faith in the little frog, or are those wallets more dead than my ex's love? 🤔 That's the million-dollar question!
The craziest part is that, despite the drop, PEPE is still the third largest memecoin in the market. Right behind Shiba Inu and Dogecoin! It's a serious thing. And not just that, 46% of those who have PEPE are still making money! How did that eye look? 👀
Imagine there's an investor, JamesonXBT, who says he has been holding his PEPEs for two years and is sure that his patience will pay off big time. That's how crazy some people are! Another person saw a pattern in the chart that smells like a 25% rise in one go. Uff! 🚀
And here comes the cherry on top, the one and only Elon Musk! 👑 Yes, the mogul tweeted a PEPE meme that already has over 60 million views. That's insane! This gave a morale boost to the 'PEPE Army' because remember something similar happened in December and the little frog shot to the moon with a market cap of over 10 billion dollars! 🌕 The New York Post even published a guide to buy PEPE and listed it as a long-term investment. And a leader from OKX even threw out a prediction of an 800% rise! Total madness! 🤯
It seems that the trading volume of PEPE is also reviving, with over $2.4 billion in the last 24 hours. People are moving! 💃🕺
Is the RSI of PEPE asking for a bounce like the big ones? 📈📉
Now, let's talk a bit more technically, but without getting tangled up. PEPE is trading close to $0.00000929, and it's trying to grab onto a key support between $0.00000830 and $0.00000872. This area is like a trampoline because historically, every time it gets there, it bounces back up! 🤸♀️
The most interesting part is the RSI (it's like a gauge of whether something is very expensive or very cheap), which is around 30.85. When it's this low, it means the coin is 'oversold' and it's very likely to bounce back! It's like when a boxer is on the canvas, but ready to get up stronger! 🥊
If PEPE buyers step up and defend this area, the little frog could start climbing to $0.00002000, and if things get really good, it could even reach its peak of $0.00002836! It would be a huge party! 🎉 But beware, if it falls below $0.00000830, things could get ugly and it might drop further.
So, stay alert with this little frog! Will the 'diamond hands' be the ones to save it, or will the little frog stay in the swamp? Only time will tell! 😉$PEPE