A comprehensive analysis of why Musk mentioned PEPE but it hasn't surged yet! Is it unable to rise or just lying low?
Musk mentioned PEPE on Twitter, but the expected surge has not occurred.
Because the current cryptocurrency market is in a recovery phase, everyone is very cautious.
Although PEPE is being hyped, the market's calm attitude has had a certain impact on it.
However, perhaps the big investors are quietly buying PEPE. They are like hidden hunters,
waiting for the right moment to strike.
Although Musk's tweet attracted attention, there are not many actual buyers.
For PEPE to rise, a large number of buyers need to push together to break through key resistance levels.
Don't be too disappointed; meme coins often bring unexpected surprises.
PEPE has a strong fan base and cultural background, and it might suddenly explode at any time.
Musk's influence is significant, and his words can cause market fluctuations.
If he mentions PEPE or related memes again, retail investors may follow suit, leading to a surge due to “fear of missing out.”
Therefore, it is essential to closely monitor key price levels. If PEPE can break through these barriers with substantial trading volume, it may indeed surge.
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