Event:
We recently told you about the large memecoin $PWEASE, which at the time of writing had good growth dynamics and showed the potential to return to the previous capitalization. To our bad luck, this failed to happen and the $PWEASE token began to slide again. Thus far, it has lost 30%, and the capitalization fell to $7.7 million, triggering a wave of conversations within the crypto community
Dump analysis:
Our analysts, upon reviewing the $PWEASE chart once more, hypothesized that this movement was not a dump but a natural reset for subsequent growth. We cannot assume that these are 100%, but the chart shows strong suggestions that it indeed is. This downtrend may soon stop very briefly, and $PWEASE will take up its rise once again, subject to course-corrected action in the memecoin market as a whole.
$PWEASE Team Reaction:
While the $PWEASE team has not officially responded to this event, which is not surprising given the meme nature of the project, their Twitter (X) posts have a hidden subtext that they are trying to support their holders with. All sorts of funny memes that they post are somehow positively shilled on the X social network, which helps them gradually stop the dump.
Outlook:
As we already reported, our forecasts remain in place - we expect the token to start rising in the near future.
- The team and community are together to stop the dump.
- The current drop feels more like a "healthy correction" before another rise.
- If Bitcoin and Ethereum show growth, that would give $PWEASE an additional boost.
We are still monitoring the updates and looking for signs for a turnaround.
This article is not financial advice!
