Why Peering at Pepe Could Make Your Head Spin — And Maybe Make You Rich
Now, the analysts (those clever folks with charts and blinking lines) say Pepe is in the process of giving its old resistance level a good hard look — “retesting” it, as they call it. Think of it as Pepe’s awkward re-encounter after a breakup, wondering if the coast is clear. If the bulls (that’s the fancy word for optimistic investors) succeed in convincing the market that this level is safe to stand on, it might be time for Pepe to give another push higher. It’s like that moment in a sitcom where everything hangs in the balance, unless the support levels decide to hold — and right now, the signs are that they are. The current dance of consolidation is essentially Pepe’s way of saying, “I’m just warming up for my next big leap.”