About PEPE
PEPE's recent market is not optimistic. Although there are some signs of rebound on the price chart, the overall performance is still weak. Investors are now waiting and watching, and they are worried.
Looking back at August to early September, the price of PEPE fell sharply, but strangely, the RSI indicator showed a potential rebound signal-price fell, RSI rose, which is usually a hint that the market is about to rebound. However, the momentum of the rebound has not been seen much until now.
In terms of demand, PEPE has indeed warmed up a bit, but the strength is limited. Although there is capital entering to try to push up prices, the interest of big whales in PEPE has obviously weakened, the holding volume has decreased, and small investors have not made much moves, and the overall buying is not strong. Therefore, PEPE is currently in an embarrassing situation where it cannot rise.
In the long run, PEPE is not completely hopeless. The number of holders is close to a record high, and the number of short-term speculators has also reached a record high, but the number of long-term investors who can really stay stable has returned to the level of a few months ago, which shows that the "fence-sitters" have been washed out. If there are large price fluctuations in the future, more speculators may be attracted back to the market.
Overall, PEPE is currently at a crossroads, with hope on one side and unknown challenges on the other. Its future direction depends largely on market sentiment and the attitude of big whales.
