🚀 Bullish Catalysts
- Whale Accumulation: Big wallets are scooping up billions of PEPE and pulling them off exchanges, creating a supply squeeze.
- Exchange Reserves Dropping: PEPE supply on exchanges is at multi-year lows, signaling strong holding sentiment.
- Marketwide Momentum: Bitcoin and Ethereum breaking out of multi-month ranges has reignited interest in altcoins, especially meme coins.
- Community Trust: Unlike many rugpull meme coins, PEPE’s decentralization and longevity have earned investor confidence.
- Social Media Buzz: Viral campaigns and influencer hype on platforms like X and Reddit continue to fuel FOMO.
📉 Bearish Risks
- Intraday Volume Dips: Occasional drops in trading volume hint at short-term corrections or profit-taking.
- Resistance Levels: PEPE is still battling to break past the $0.00001388 resistance. A failure to do so could stall momentum.
- Macro Factors: Regulatory uncertainty and broader economic shifts can impact speculative assets like meme coins.
📊 Technical Signals
- Rounding Bottom Formation: On the 8-hour chart, PEPE is forming a bullish reversal pattern.
- MACD & RSI: Indicators suggest upward momentum is building.