When to Buy $PEPE ⁉️
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The market has turned bearish, which was unexpected as I had anticipated a bullish breakout. The macroeconomic situation is impacting PEPE, with indices like the NASDAQ, Russell 2000, and S&P all down. Bitcoin is bearish in the short term but is consolidating in the long term. PEPE is at a crucial support level that held up back in July. Despite the bearish market, memecoins like PEPE are holding relatively well. I'm considering buying PEPE at the current support level between 8,500 and 8,000, but only if we see a bullish breakout on shorter time frames. The fundamentals of memecoins, particularly PEPE, remain relatively strong, and this support level has historical significance. However, if Bitcoin continues its bearish trend, PEPE might not hold this support. I do expect this general support level to provide at least a small pump, but I don’t think it will turn bullish.
