It is highly unlikely that currency $PEPE will reach $1, and the reason is not just a guess, but is based on clear mathematical, logical, and economic data:
1. The illogical massive supply Total Supply
The number of PEPE coins available for trading is approximately 420,690,000,000,000 (420 trillion coins).
If the price of each PEPE reaches $1, the market cap would be 420 trillion.
> For comparison:
The total market cap of all cryptocurrencies currently: about $2.7 trillion.
The market cap of the entire U.S. economy: about $26 trillion.
Is it reasonable for PEPE to become larger than the world's economy? Of course not.
2. There is no real value or use
PEPE is a meme token, meaning it is not based on a technical project or economic goal.
It does not provide solutions to any problems, does not have a practical application, and does not directly support smart contracts.
Thus, its only strength is speculation and hype, which makes it unsustainable in the long term.
3. Psychological and market impact
When any currency reaches high prices, many investors tend to sell to take profits.
The closer the currency gets to 0.01 or 0.1, millions of traders will sell it, preventing it from rising.
4. Even if a massive amount is burned, the dream remains difficult
Even if 90% of the supply were burned (for which there is no evidence of the developers' intention to do so), the market cap would still be at $42 trillion, which is an illogical figure. $GALA $ADA
Note: The crossover of SMA 50 above SMA 200 indicates short-term bullish momentum.
2. Relative Strength Index (RSI):
Current Value: Approximately 70
Note: Indicates an overbought condition, which may lead to a price correction soon.
3. MACD Indicator:
Note: The crossover of the MACD line above the signal line indicates increasing bullish momentum.
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📉 Support and Resistance Levels
Support:
$0.0000110
$0.0000095
Resistance:
$0.0000140
$0.0000155
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🔮 Future Predictions
Overall Trend: Bullish in the short term, with the possibility of testing the mentioned resistance levels.
Proposed Strategy: Monitor the price at support levels, and if a rebound occurs with increased trading volume, there may be a short-term buying opportunity.
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⚠️ Important Notes
Risk Management: Ensure to set stop-loss orders to mitigate potential risks.
This is not investment advice; I have given my opinion on the currency, so don't forget to conduct your own research as well. $BTC #xrp $TRUMP
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