Both are established meme coins, so how did $PEPE and $DOGE move in opposite directions over these three weeks?
PEPE has closed two consecutive green weekly candles and is still in the green this week; DOGE has now closed lower than the previous week for six weeks in a row.
▪️ $PEPE 0.00000504, up about 25% from its open of 0.00000402 three weeks ago
▪️ $DOGE 0.07116, down about 10% from its open of 0.07945 three weeks ago
If PEPE holds above this week's open of 0.00000489, it will mark its highest weekly close since mid-January; at its current price, DOGE would be at its lowest since mid-August. Personally, I think PEPE's futures open interest staying just above $100 million for over a week looks more like spot buying is driving the move, though about 68% of accounts are long, which is a bit crowded.
Which matters more to you? A. PEPE closes the week at a new high B. DOGE's sixth consecutive down week
#Meme币 #Weekly chart
PEPE has closed two consecutive green weekly candles and is still in the green this week; DOGE has now closed lower than the previous week for six weeks in a row.
▪️ $PEPE 0.00000504, up about 25% from its open of 0.00000402 three weeks ago
▪️ $DOGE 0.07116, down about 10% from its open of 0.07945 three weeks ago
If PEPE holds above this week's open of 0.00000489, it will mark its highest weekly close since mid-January; at its current price, DOGE would be at its lowest since mid-August. Personally, I think PEPE's futures open interest staying just above $100 million for over a week looks more like spot buying is driving the move, though about 68% of accounts are long, which is a bit crowded.
Which matters more to you? A. PEPE closes the week at a new high B. DOGE's sixth consecutive down week
#Meme币 #Weekly chart