Why is everyone suddenly going quiet on $PEPE ‌ ?



We’re sitting at 0.00000437 and things are getting a little shaky after that massive candle up to 459. It looks like the initial hype hit a wall of sell orders and now we’re seeing some natural profit taking.

The price is hugging the upper end of this recent trend, but the red candle today shows the bears are trying to push it back into the previous range. If we can’t hold the 426 level as support, we might be looking at a deeper correction toward the 378 area.

The volume is still huge at 14 trillion PEPE traded, so there is plenty of liquidity if this thing decides to flip green again. I want to see a solid bounce here before I even think about it.

Right now it feels like a waiting game to see if the meme energy can overcome this resistance.

Are you taking profits here or betting on one more leg up?

#GateSquareMayTradingShare #BitcoinVolatility
PEPE-1.63%
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