Trump Social Media Cause PEPE Coin Go Up, Trading Dey Rush Amidst Memecoin Wahala
PEPE coin don see big price jump afta one post wey former US President Donald Trump do for Truth Social, wey im just talk about frog small, and dis one grab plenty attention from crypto and social media pipu. De price of dis memecoin sharp sharp jump from $0.00001440 go $0.00001490, den e come drop small, wey show say e dey sensitive to viral and political tins. PEPE market cap reach $6.3 billion, and de trading wey dem dey do everyday go up by 55% reach $1.69 billion. Open futures positions climb from $650 million go $735 million, as short-term holders begin to make profit, wey ginger de market for bull run. Technical analysis show say strong resistance dey for $0.000015; if e break through, e fit go up to $0.000020, but if e no fit break am, e fit drop back to $0.000010. Dis incident don show say social media and big big pipu get plenty power for memecoin price wey dey waka up and down. Crypto traders suppose dey look well well for both technical levels and wetin dey happen outside, becos PEPE and other coins like am still dey very volatile and dey respond to culture or political triggers. Dis event sef don make pipu dey guess more say memecoin sector go soon wake up again.
Bullish
Trump im viral social media post wey get frog symbol quickly scatter tori say PEPE don get big interest, wey show for sharp price increase, 55% jump for trading volume, and open interest wey don rise. This reaction show say memecoin dey very sensitive to wetin dey happen for culture and politics, wey make traders and short-term holders get more confidence say price go rise. Technical indicators show critical resistance level for $0.000015; if e break through, PEPE go fit go up well well, but if e no break, e fit come down small. This event also ginger broader memecoin sector speculation. But, traders suppose dey careful, because dis kind price movement na mostly news dey drive am and e dey very volatile.