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#PEPE I took a quick look at the market midday, and PEPE's recent movement feels a bit strange. Retail investors can't keep up with such a meticulous rhythm.
Recently, the overall market has been calm, with other coins fluctuating along, but PEPE is different. Look at other MEME coins—either they surge once and then lose momentum, or they just lie flat and get swept away. But PEPE—shrinking volume and probing downward, each step precisely timed, as if an invisible hand is controlling it. Currently at the 0.000004 level, RSI is steady at 39.7, neither oversold nor strong, just on the edge of market sentiment. This position is the most torturous but also the easiest to trigger a trend reversal.
I've held this coin for a while. After that round of crazy rise, I didn't fully sell out; the remaining positions have been holding. Honestly, with this retracement and consolidation pattern, it's hard to see an immediate breakout. But if you look closely, the decline isn't deep, the rebound is restrained, and trading volume continues to shrink—classic signs of accumulation. If it were going to collapse, support would have broken already, but it hasn't—indicating there are still buyers below.
One perspective is: continue sideways consolidation to shake out the weak hands, then ride the market sentiment for a breakout. MEME coins thrive on this—no need for fundamentals, just trends, memes, hot topics, and capital can ignite suddenly. Especially in this dull market, the whales have been holding back long enough. PEPE's popularity is still alive; it's not an old coin forgotten. Its rebound potential shouldn't be underestimated.
Another possibility to watch out for—push it down further to shake out technical traders and short-term players, craft a convincing fake dip, then reverse upward. This tactic is common in MEME coins—initial panic selling, then quick recovery, making the chart look like a "fake-out," but in reality, it's cleaning out chips for a rally. RSI at 39.7, with room to go lower, could easily probe further.
I'm not here to call for a rally, nor to advise you to buy the dip. Those who truly believe in this have already held. What I want to say is: when a MEME coin starts to "calm down," that's when you should be alert. When it's soaring wildly, everyone sees it. But the big money is often made in the quietest times. My holdings remain unchanged, just watching how it unfolds next.
If it were you, would you try a trade at this level?