PEPE has increased by 30% in 48 hours thanks to purchases from whales, outflows from the exchange, and positive technical analysis.
The positive trend and strong trading volume indicate that the upward momentum may continue, with a potential increase of 22% to a price level of 0.000016 USD.
MAIN CONTENT
Cryptocurrency whales have purchased over 228 billion PEPE, reinforcing confidence in the memecoin.
The outflow from exchanges reaching nearly 10 million USD creates strong buying pressure.
Technical analysis forecasts that PEPE could rise an additional 22% in the short term.
How did PEPE increase in price thanks to cryptocurrency whales buying 228 billion tokens?
According to blockchain analyst Lookonchain on X (formerly Twitter), a whale wallet with the address 0x06b3 spent 2.68 million USD to purchase 227.8 billion PEPE. This move occurred before Bitcoin reached an all-time high, indicating increased confidence from major investors.
This trade, along with the increased buying volume from whales, contributes to triggering the upward trend for PEPE. According to CoinGlass, the outflow of over 9.8 million USD of PEPE from exchanges in the past 48 hours also reflects an ongoing accumulation.
Cryptocurrency whales are often an early indicator of significant market movements. Their increased buying of PEPE indicates the token's growth potential in the short term.
Lookonchain, Blockchain analyst, 11/07/2025
How is PEPE performing in the short term?
As of now, PEPE is trading around 0.000001273 USD, up 15% in the last 24 hours. Trading volume increased by over 70% compared to the previous day, indicating strong buying power and continued investor interest.
Fluctuations in both price and trading volume reflect a positive trend, creating momentum for PEPE to maintain its short-term upward trajectory.
What does technical analysis predict about the 22% upward trend of PEPE?
Technical analysis from TinTucBitcoin shows that PEPE has broken through a prolonged resistance level, along with a consolidation zone and surpassed the 200-day exponential moving average (EMA 200). Three consecutive green candles highlight a strong upward trend.
This development signals that PEPE could continue to rise up to 22%, aiming for the level of 0.000016 USD. However, attention should also be paid to the potential for a correction with support around the breakout point or EMA 200.
Accurate technical analysis helps investors plan reasonable trades when buying pressure remains dominant.
Why are traders prioritizing holding long positions on PEPE?
Data from Coinglass indicates that traders are currently placing many long positions at a buying price of 0.00001246 USD, equivalent to 2.61 million USD in long position value. Meanwhile, the short position at 0.00001296 USD is only worth 1.65 million USD.
This demonstrates that the buyers are in control of the market and most expect the continued upward momentum of PEPE in the short term.
Pressure from large leveraged long positions is a clear sign that market sentiment is leaning towards a strong upward trend for PEPE.
Coinglass, Cryptocurrency trading data platform, 11/07/2025
Frequently asked questions about PEPE and the price trend of this token
What is PEPE and why did its price suddenly increase? PEPE is a recently highlighted memecoin due to large inflows from whales and increasing investor interest, driving the price surge in the market. Who are the whales buying into PEPE recently? Whale wallet 0x06b3 invested 2.68 million USD to buy 227.8 billion PEPE, creating a positive effect on the market. How does the outflow from exchanges impact the price of PEPE? Large outflows from exchanges indicate that investors are accumulating PEPE off-exchange, increasing buying pressure and the token price may rise. What is the current technical trend of PEPE? Technical analysis indicates that PEPE is in an upward trend, with the potential to increase an additional 22% if the current breakout momentum is maintained. What is the trader sentiment about PEPE? Most traders are betting on long positions with high leverage, reflecting optimism about the token's price potential.
Source: https://tintucbitcoin.com/pepe-tang-30-du-bao-tiep-tuc-bung-no/
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