Why didn't $PEPE soar after Elon Musk tweeted about it?
Recently, Elon Musk mentioned $PEPE on Twitter, but this popular coin hasn't skyrocketed as everyone expected. What's going on? Why should we be wary of it suddenly surging?
Why hasn't $PEPE taken off?
1️⃣ The market is still recovering
The cryptocurrency market has been turbulent lately, and everyone is being cautious, not daring to invest haphazardly. Although $PEPE is being hyped up, this 'cooling period' has slowed its growth.
2️⃣ Big players are quietly accumulating
Smart money may be buying $PEPE at a low price. These big players prefer to operate discreetly, waiting for the right moment to act, causing the price to surge suddenly.
3️⃣ Few buyers, many speculators
Elon's tweet has gained attention, but there aren't many actual buyers. For $PEPE to rise, there needs to be continuous buying.
Why might the price surge soon?
The temperament of meme coins is unpredictable
Meme coins often experience unexpected spikes. $PEPE has a strong community and cultural background, and it could explode any day.
Elon Musk's influence is significant
A single tweet from Elon can shake the market, and if he mentions $PEPE again, retail investors might follow suit, causing the price to soar.
Key points to keep an eye on
Analysts are watching several important price points. If $PEPE's trading volume increases and breaks through these points, it may experience a significant rise.
Stay alert
Meme coins can rise quickly, often without any warning signs. Keep an eye on Elon's tweets, $PEPE's trading volume, and price; you might catch an opportunity.
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