$PEPE is playing dead again. It’s enough to make you yawn!
I just saw it bounce a little and thought it was finally going to show some strength, but it went soft again near the moving averages. Now it’s back down to 0.00000437. Look at the trading volume below—it’s practically a flat line. The bulls have clearly run out of steam.
That’s what you call a “weak recovery.” It barely held above the previous low of 0.0000042, but there’s no chance of it taking off. Those moving averages overhead are all weighing it down, and without volume, it simply can’t break through.
Now both bulls and bears are just waiting each other out to see who loses patience first.
I just saw it bounce a little and thought it was finally going to show some strength, but it went soft again near the moving averages. Now it’s back down to 0.00000437. Look at the trading volume below—it’s practically a flat line. The bulls have clearly run out of steam.
That’s what you call a “weak recovery.” It barely held above the previous low of 0.0000042, but there’s no chance of it taking off. Those moving averages overhead are all weighing it down, and without volume, it simply can’t break through.
Now both bulls and bears are just waiting each other out to see who loses patience first.
