👀 According to AMBCrypto: $PEPE , POPCAT bounce back as GameStop boosts memecoins

While most parts of the crypto market have seen some downturns, meme coins in the Solana ecosystem are following a different trend. PEPE is trending number 1 globally on Twitter, with over a million tweets about it.

The general sentiment among traders and investors, as per data from Santiment, is bullish. Over 60% of the community is bullish on meme coins today. 

TradingView data for the POPCAT/USDT pair shows distinct periods of both upward and downward movements.

The asset experienced a sharp rise from around $0.4850 to a peak near $0.5250, followed by a pullback and subsequent recovery phases. 

Given the recent recovery and stabilization around the $0.5115 level, coupled with the general uptrend observed from the lowest points, the market sentiment appears cautiously bullish.

As for PEPE, if it can sustain its position above the recent support level at 0.00001030 USDT and break through the resistance at 0.00001100 USDT, it might continue to surge towards much higher price levels.

However, if the resistance holds and selling pressure increases, a retracement towards the support level or further could occur.