Pepe Coin ($PEPE ) is experiencing a significant surge today, with its price rising over 40% in the past 24 hours, currently trading around $0.00001331.
This rally is attributed to multiple factors:
Whale Accumulation: Large investors have been accumulating $PEPE , with reports of a crypto whale withdrawing 2 trillion PEPE coins from Binance.
Technical Breakouts: PEPE has crossed key resistance levels, forming bullish patterns like the "morning star," indicating potential for further gains.
Market Optimism: The broader crypto market's bullish sentiment, especially with Bitcoin's recent performance, has positively influenced meme coins like PEPE.
Analysts suggest that if this momentum continues, $PEPE could target the $0.000015 mark in the near future.