#PEPE has caught everybody attention! It appears that Pepe is making a significant return. After a rejection and retest of the previous all-time high (ATH), the price seems ready to fill in the gaps below. The rapid rise in funding suggests that a lot of traders are betting on the dip, which in turn is causing the price to keep dropping. It's a classic scenario where increased interest in short positions drives the market further down. It will be interesting to see how this plays out and whether PEPE can stabilize and find a new support level amidst all this volatility.
Opinion based on opinions .. DYOR #altcoins