How high can PEPE soar? Can it continue the legend of the meme series?
What’s the hottest trend recently? Of course, it’s the meme series!
Among them, pepe is the hottest, riding the wave of the meme series to great wealth.
Before this coin rose, no one knew about it because it was a new sector. Only after it increased by dozens or hundreds of times did people begin to pay attention, and reports followed.
Therefore, very few people actually made money on pepe, but many will pay attention to this sector and buy other coins in the meme series.
As a result, they found that even Starbucks’s coin hasn’t risen and is still falling. Recently, the market has been rising, but the coins in the meme series are all declining.
Why? Because there are signs that the pepe market has peaked, and the main players are starting to withdraw. Once the main players leave, the funds in this sector will also withdraw.
Coins with small market capitalization originally have little value, and the risk is even greater.
I warned about the risks of pepe in mid-year.
Although it has recently hit new highs, many people think it will rise further, but I see this new high as an even greater risk.
If it doesn’t break the new high, that’s fine; everyone is just waiting and watching. But if it does break, many will feel that a new market trend is coming.
In fact, just take a look at the overall market.
The first round, second round, and third round of increases have shown diminishing returns, indicating that the bullish momentum is weakening.
The second round’s break of the previous high is smaller than the first round, and the third round’s break of the previous high is even smaller. The breakthrough strength is very weak; the bullish force has indeed weakened.
Moreover, while the price breaks new highs, the trading volume is shrinking. This is a signal of a false bullish trend; although the price is at a new high, the incoming funds are decreasing.
It’s clear that large funds are unloading pepe, and the recent rise is just retail investors acting on emotion; the price increase is not strong, and the volume is also weak.
Thus, the meme series has been weak lately. Pepe is a barometer; with big funds running away from pepe, smaller coins have even less funding to rise.
If these signs could be recognized earlier, one wouldn’t blindly chase after pepe’s new highs and could avoid the risks.
If you always miss the right timing, feeling confused about how to operate, and want to keep up and learn, you must meet one condition: you need to have strong action ability, take action immediately, like and comment, and I’ll help you make big money!
