Elon Musk's tweet 'malfunction'?
After Musk mentioned PEPE on Twitter, the market did not surge as everyone expected, which is indeed puzzling. To clarify the reasons, it is necessary to delve into several key points, and at the same time, remain vigilant, as it is still uncertain when the value of this coin will suddenly soar.
Firstly, the current cryptocurrency market resembles a ship that has just weathered a storm, still struggling to repair its damaged sails. Recently, the market has been highly volatile, and traders are treading carefully, instinctively seeking stability. For highly speculative assets like meme coins, despite their hype, most people only observe from afar, hesitant to take the plunge. This pervasive caution in the market acts like a heavy shackle, dragging down PEPE's upward momentum and causing it to miss the opportunity to take off.
Secondly, there may be capital giants quietly positioning themselves in the shadows. Those astute investors who understand market rhythms are accustomed to quietly accumulating PEPE at low levels. They remain hidden behind the scenes, patiently gathering shares, like a lurking leopard, waiting for everything to be ready before launching a sudden attack at a crucial moment, instantly disrupting the market landscape and catching opponents off guard. The current calm may just be a brief tranquility before the storm arrives.
Thirdly, there is a severe imbalance between popularity and trading volume. Musk's tweet is like a giant stone thrown into a lake, creating massive ripples, and interest surges instantly, but this only stays at the level of discussion. When it comes to actual trading actions, buyers are scarce, and the market enthusiasm has not effectively translated into purchasing power. It is important to know that pushing PEPE upward requires continuous buying support to break through key resistance levels; otherwise, everything is just a castle in the air, difficult to materially raise the coin's price. However, a turnaround may come unexpectedly. Meme coins are notoriously erratic, with actions that cannot be predicted. If PEPE is associated with meme elements, retail investors will surely take action, driven by the psychology of 'fear of missing out', causing funds to surge in like a tide, sparking a significant rally. At this moment, analysts are closely monitoring key price levels, like hunters waiting for prey. Once PEPE breaks through these thresholds with substantial trading volume, a soaring feast may unfold without warning.
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