Why I am bullish on #PEPE ⁉️

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- $PEPE has potential despite being bearish on higher time frames

- It has been one of the strongest performers in the last day or so

🪷 Resistance Levels:

- PEPE faces several resistance levels, including:

- 13,200

- Trend line around 13,800

- 14,200

🪷 Momentum and Open Interest:

- PEPE is gaining momentum on lower time frames

- Open interest has started to pile in since yesterday morning

- Spot CVD is positive, indicating positions are being opened on PEPE

🪷 Volatility and Bitcoin's Impact:

- Today's big news (inflation rate, CPI, interest rates) could bring volatility

- If Bitcoin gets a bullish breakout, meme coins like PEPE will rally regardless of resistance

- Bitcoin's performance will heavily influence PEPE's movement

🪷 Short-term vs. Long-term Outlook:

- Short-term bullish momentum is possible, but a bigger rally requires a very bullish Bitcoin

- To break above 14,200, PEPE needs a very bullish Bitcoin that breaks back above $68,000.

#bitcoin $BTC $SOL #memecoin #solmeme #trading