Why didn't $PEPE rise after Musk's tweet?
Musk recently mentioned $PEPE on Twitter, but the surge that everyone anticipated didn't come. What's the reason for this? We need to discuss a few key points and remind you to be careful not to be startled by sudden price increases.
1 The market is still recovering
The cryptocurrency market has been a bit turbulent lately, and traders are currently quite cautious, preferring stability and not daring to touch speculative items like meme coins. Although the hype is strong, this period of 'calm' has indeed slowed down $PEPE's momentum.
2 Big players might be quietly accumulating
Those savvy investors might be quietly buying $PEPE. These 'big players' often prefer to operate discreetly, waiting for the right moment to make a big move, catching the market off guard.
3 Trading volume doesn't match the hype
Although Musk's tweet attracted attention, the number of actual buyers is not high. For $PEPE to rise, it needs continuous buyers to break through those key resistance levels.
Why might a price increase be just around the corner?
The temperament of meme coins is unpredictable
Meme coins are hard to predict. They often explode at the most unexpected times. $PEPE has strong community support and cultural background, so it could explode one day.
Musk's influence is undeniable
We've all seen how a single tweet from Musk can stir the market. If he mentions $PEPE or related memes a few more times, retail investors are likely to follow suit, leading to a surge due to 'fear of missing out.'
Key price levels need to be closely monitored
Analysts are watching those resistance levels closely. If $PEPE can break through these barriers with significant trading volume, it might really soar.
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