The memecoin gauge just beat the broad altcoin index four-to-one (+2.9% vs +0.7%) — and $PEPE is carrying it.
This is a second leg, and the case study is right there on the chart. Leg one: a slow +27% grind from $0.00000376 (Oct 13) to $0.00000479 (Oct 21). Leg two: today's vertical +13% to a fresh 12-day high at $0.00000511, on $74.6M of Binance spot volume alone — the biggest memecoin advance in a month.
Second legs of meme rotations are where the tape pays — and where it flushes. The Oct-21 peak is now first support; how price behaves at $0.00000479 decides whether this leg extends or repeats the -10% pullback that followed leg one.
Levels: resistance $0.00000511 (today's high), support $0.00000479 (leg-one peak). Invalidation: a 4h close under $0.00000433.
The honest risk: no catalyst. Rotation, not fundamentals — vertical candles flush as fast as they print. NFA. DYOR.
Does $PEPE hold above $0.00000479 into the weekend, or does leg two flush back to $0.00000433?
$PEPE #Altcoins #Memecoins #PEPE #AltcoinSeason
This is a second leg, and the case study is right there on the chart. Leg one: a slow +27% grind from $0.00000376 (Oct 13) to $0.00000479 (Oct 21). Leg two: today's vertical +13% to a fresh 12-day high at $0.00000511, on $74.6M of Binance spot volume alone — the biggest memecoin advance in a month.
Second legs of meme rotations are where the tape pays — and where it flushes. The Oct-21 peak is now first support; how price behaves at $0.00000479 decides whether this leg extends or repeats the -10% pullback that followed leg one.
Levels: resistance $0.00000511 (today's high), support $0.00000479 (leg-one peak). Invalidation: a 4h close under $0.00000433.
The honest risk: no catalyst. Rotation, not fundamentals — vertical candles flush as fast as they print. NFA. DYOR.
Does $PEPE hold above $0.00000479 into the weekend, or does leg two flush back to $0.00000433?
$PEPE #Altcoins #Memecoins #PEPE #AltcoinSeason