Latest news about #PEPE‏ PEPE and its impact on its price direction

News Summary

1 Significant increase in PEPE price: The PEPE token has seen a notable rise, reaching a critical resistance level at $0.000009178, an increase of 75% from its lowest point this year. This rise is attributed to an increase in whale holdings, indicating a flow of smart money.

2 Daily increase of 15%: PEPE is currently trading at $0.000009, with a daily increase of 15%.

3 Price predictions for an increase: Data suggests that the price of PEPE may rise with a decrease in supply on exchanges and an increase in whale accumulation. Technical analysis shows a positive outlook with a potential target at $0.000010.

4 Concerns over potential hacking: Reports indicate the purchase of 611 billion PEPE tokens by wallets linked to a potential hacker, which could negatively impact the token's value if the hacker decides to sell their holdings.

5 Increasing selling pressure: The price of PEPE has dropped to $0.0000070, with increasing selling pressure, which could lead to further declines towards $0.0000050.

6 Possibility of a recovery: Chart formations suggest the possibility of a recovery towards $0.000012, if the token can surpass the resistance level at $0.00000888.