A top crypto analyst on Twitter has drawn a parallel between PEPE and Zoom shares.
Despite their pedigree, the community disagrees, citing differences in fundamentals.
Pseudonymous analyst Kaleo has stated that the Dogecoin rival, PEPE will continue to rebound if it continues to behave similarly to popular tech stock, Zoom.
While referencing a chart, Kaleo revealed in a Twitter thread that PEPE’s recent price explosion is comparable to Zoom’s (ZM) early 2020 price movement, recording over an 800 percent increase in less than 12 months at the time.
If I have the ability to create bottoms in markets, surely I have the ability to create tops.
Here’s a comparison of $ZM during the Covid bubble vs. $PEPE now.
You can fade this move here ➡️ https://t.co/32dHnZIFxS pic.twitter.com/n1KjeJDpu2
— K A L E O (@CryptoKaleo) May 4, 2023
Additionally, the pseudonymous analyst established that Zoom traded beneath a diagonal resistance. In his opinion, this resembles the market structure of
