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Traders maintain strong focus on DOGE and PEPE long positions, Joao Wedson notes
Interest in long positions on memecoins such as DOGE and PEPE continues to be strong, according to Joao Wedson.
Wedson questioned trader behavior in this context, expressing some surprise at the sustained focus on these high-risk assets.
Wedson recently reported that Alpha AI maintains a neutral to slightly bullish short-term outlook for Bitcoin, citing weakening selling pressure based on on-chain data. In a separate analysis, he discussed how the 2Y SMA divided by two is used to identify crypto bear market lows among analysts. These previous comments offer context for his current observations on persistent interest in high-risk memecoins.
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