Why I'm optimistic about#PEPE⁉️

.

.

.

.

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

- It was one of the best performances in recent days.

🪷 Resistance levels:

- PEPE faces several levels of resistance, including:

- 13,200

- Trendline around 13,800

- 14,200

🪷 Momentum and open interest:

- PEPE is gaining momentum in shorter timeframes

- Open interest started accumulating since yesterday morning

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

🪷 Bitcoin volatility and impact:

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

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

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

🪷 Short-term vs. long-term outlook:

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

- To surpass 14,200, PEPE needs a very optimistic Bitcoin that surpasses US$68,000.