PEPE coin: On the eve of bottoming out, investors are waiting for the market to change?
PEPE, the popular coin, has not had a good time recently. Although the price chart shows that it is going to rise, the actual situation is still weak. Investors are watching from the sidelines and are worried.
You see, the price of PEPE fell sharply from August to early September, but the magical thing is that there is an indicator called RSI that says this is actually a good sign, because when the price fell, it did not fall with it, but rose instead. It's like the market is saying: "Hey, don't panic, it's going to rebound!" But until now, this rebound has not been seen.
Speaking of demand, PEPE has regained some popularity, but only a little bit. Although some money has come in and wants to lift it up, the whales don't buy it very much, and they have less PEPE in their hands. As a result, small retail investors are not very active and don't buy much. So, PEPE is now like a child that no one loves, and it can't rise.
However, in the long run, PEPE is not completely hopeless. There is a data saying that the number of people holding PEPE is about to reach the highest level in history, and those "guerrillas" who like short-term trading are also the most. However, the number of investors who can really hold on has returned to the level of a few months ago, which shows that those easily shaken "fence-sitters" have been washed out. If PEPE suddenly has a big price fluctuation, it may attract a lot of people to come back and speculate. But now, we still have to survive this period of low demand.
In general, I personally think that PEPE is now like standing at a crossroads, with the dawn of hope on one side and the unknown darkness on the other. As for where it will go in the end, it depends on the market and the attitude of the whales.
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