Check out this roll: PEPE, the third largest memecoin, shot up 23% recently, reaching $0.00001266. Everyone thought it was the start of a big party, but it turns out that this rise stalled at that resistance. It's like the coin hit an invisible wall and ran out of gas. ⛽🧱
Analysts are closely examining the situation, and what they see isn't exactly pretty. The rise came from a "descending wedge", but after hitting that ceiling, the price of PEPE entered what is known as a "descending triangle". In the language of investors, this means that buyers are losing strength and sellers are taking control. 📉