🐸 The price of PEPE moves like a meme-fueled roller coaster, and here’s what is driving it up (or down)

🚀 Bullish Catalysts

- Whale Accumulation: Large wallets are acquiring billions of PEPE and withdrawing them from exchanges, creating supply pressure.

- Falling Exchange Reserves: The supply of PEPE on exchanges is at multi-year lows, signaling a strong retention sentiment.

- Market Momentum: Bitcoin and Ethereum breaking through multi-month ranges have reignited interest in altcoins, especially meme coins.

- Community Confidence: Unlike many meme coins that have rug pulls, the decentralization and longevity of PEPE have earned the trust of investors.

- Social Media Buzz: Viral campaigns and influencer hype on platforms like X and Reddit continue to fuel FOMO.

📉 Bearish Risks

- Intraday Volume Drops: Occasional drops in trading volume suggest short-term corrections or profit-taking.

- Resistance Levels: PEPE is still struggling to break the resistance at $0.00001388. A failure to do so could stall momentum.

- Macroeconomic Factors: Regulatory uncertainties and broader economic changes may impact speculative assets like meme coins.

📊 Technical Signals

- Rounded Bottom Formation: On the 8-hour chart, PEPE is forming a bullish reversal pattern.

- MACD & RSI: Indicators suggest that upward momentum is developing.

#CryptoMarket4T $PEPE

PEPE

0.00001364

+2.78%