Musk's tweet "malfunctioned"?
After Musk mentioned PEPE on Twitter, the market did not surge as everyone expected, which is truly puzzling. To clarify the reasons, we need to dig into a few key points, while also staying vigilant, as the timing of this coin's sudden rise remains uncertain.
Firstly, the current cryptocurrency market resembles a ship that has just weathered a storm, still struggling to repair its damaged sails. Recent market fluctuations have been severe, and traders are treading carefully, seeking stability as their instinctive choice; high-speculative varieties like meme coins, despite being full of hype, are only observed from a distance by most, who dare not rashly get involved. This pervasive caution in the market acts like a heavy shackle, hindering 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 savvy investors who understand market rhythms often discreetly accumulate PEPE at low levels. They remain hidden behind the scenes, patiently building their positions, like a lurking cheetah, waiting for everything to be in place before striking swiftly at the critical moment, instantly upending the market landscape and catching competitors off guard; the current calm may just be the brief tranquility before a storm.
Thirdly, there is a severe imbalance between popularity and trading volume. Musk's tweet is like a giant stone thrown into a lake, creating ripples and instantly garnering attention, but this merely stays at the topic level. When it comes to actual trading actions, buyers are few, and market enthusiasm has not effectively translated into purchasing power. It is important to know that driving PEPE upwards requires a continuous influx of buying orders to break through key resistance levels; otherwise, it is all just castles in the air, difficult to substantively elevate the coin price. However, a turning point may be just around the corner. Meme coins have always been erratic, acting without any predictable pattern. If PEPE is connected to meme elements, retail investors will surely act upon the news, driven by the “fear of missing out” psychology, causing funds to surge in like a tide, leading to significant price increases. At this moment, analysts are closely watching key price levels, akin to hunters waiting for their prey; once PEPE breaks through these checkpoints with substantial trading volume, a surge may unexpectedly unfold.
Currently, the market is surging, and walking alone is lonely; like + follow daily layout.
