62887387508 This wave of increase is really fierce! After a 24% surge, it has now taken a slight breather, dropping about 4%. But this is not a big deal; the key is how it goes from here.
This frog coin is now facing a tough barrier — the 0.000009 USD mark, which it has not been able to surpass since February. But this time feels different; on-chain data tells me that the best is yet to come, and maybe in May it can really push to 0.00001 USD.
The market sentiment is quite interesting right now. Although some people have made money and want to run, many more are holding on tightly. New investors are afraid of missing out on the chance to get rich, and they keep rushing in, catching those who want to sell. The most intense are those big holders; they have more coins than at any other time this year, accounting for over 85% of the total supply.
From a technical perspective, PEPE has been performing better than the old meme coins like Dogecoin and Shiba Inu. Although it may need to take a break after such a big increase, I think this is just a washout, shaking off those who can’t hold on. If it really breaks through 0.00001 USD, then the space will open up.
In May, focus on three key points:
First, big holders are still buying, and new investors keep entering the market;
Second, can the critical level of 0.00001 USD hold steady;
Third, the market's FOMO sentiment is getting stronger, as everyone is afraid of missing out on a big surge.
I feel that PEPE is like a tightly compressed spring, ready to launch. If it can break through 0.00001 USD, May will definitely have a great show! Of course, investing carries risks; don’t just listen to me ramble, you need to think for yourself.
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