Here are some reasons why Pepe (PEPE) could be bullish even though the overall market is bearish:
Sentiment and Speculation:
Investors see PEPE as an opportunity for quick profits and act based on FOMO (Fear of Missing Out).
Positive News or Announcements:
New information such as partnerships, increased adoption, or technology updates can interest investors in PEPE.
Pump and Dump:
Price increases can occur because a group of traders coordinate purchases to artificially increase the price before selling at the peak.
Protection Strategy:
Investors are moving funds from large assets to speculative assets such as PEPE to protect the value of their portfolios.
Relative Durability:
PEPE may show resilience to bear markets due to strong fundamentals and community support.
Low Liquidity and Market Capitalization:
Assets with low liquidity and market capitalization can be more easily affected by small trading volumes, causing high volatility.
