Memecoins PEPE chart

https://preview.redd.it/gsbamwq7j44d1.png?1798&format=png&auto=webp&s=5a85d1a3096ab2b8b80cd5b52f86ddde7e8f8a1b

I don't understand why people are trying to predict the next memecoin when there's also a way to make big money shorting exausted memecoins.

In the chart in TA I highlighted the Bearish RSI divergence happening on the PEPE shitcoin.
The price is going higher with less strength on the RSI meaning there's less buying power to keep the move upwards.

People are fooling themselves that this can surpass Dogecoin, It can't...

When dogecoin started there was no memecoin concept, too new too wild, and lots of people joined in and got wrecked. Now the market is riddled with the next memecoin.

Market is too diluted with memecoins and not a single one will surpass dogecoin ATH or prob it's current Marketcap too... Why? Because people are always chasing the next one for the 1000x return.

Pepe already reached 7B. Many people don't want 2x returns and then a dump like what happened with dogecoin so they move on to the next memecoin.

This is where good money can be made, you know what is the next memecoin to fail, while people are chasing out of 1M tokens what will pump 1000x you only need to pick 1 out of 10 exhausted memecoins.

Pepe chart is not bullish and the market is too hungry for low marketcaps 7B is not low...