Pepe Token, a recently launched meme cryptocurrency, has generated more social media mentions in the past 30 days than Bitcoin and Ethereum combined, according to data from LunarCrush. However, the increased social activity does not necessarily equate to fundamental value or market performance, and traders caution that resistance levels on the token's chart could present shorting opportunities. Market analyst Michaël van de Poppe suggests that every block of resistance could potentially be an area to short the market, and advises shorting the token until it reaches support levels at $0.00000147, $0.00000115, or even as low as $0.00000085. Despite its extraordinary growth, some experts believe that Pepe Token is a scam.
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Pepe Token Generates More Social Mentions Than Bitcoin and Ethereum Combined, But Traders Caution Resistance Levels as Shorting Opportunities
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