1. Whale Movements


Recently, there has been strong activity from major investors (whales), as they have purchased billions of PEPE coins, raising their total holdings to massive levels. This behavior reflects an increasing confidence that the coin may experience a bullish price breakout in the upcoming period.


2. Price Performance




  • The PEPE coin jumped significantly by about 16% within a few hours.



  • Over the past week, it has risen by more than 6%, making it one of the best-performing meme coins.



  • Trading volume has increased noticeably, which is an indicator of new liquidity entering the market.


3. Technical Indicators




  • There is a technical pattern appearing on the chart called Double Bottom, which is usually a positive signal for a bullish reversal.



  • If the price can break through the current resistance area, it is expected to achieve an increase ranging from 65% to 75% in the short term.



  • However, if the breakout fails, we may witness a pullback to test strong support levels.


4. Challenges and Risks




  • The PEPE coin, like other meme coins, is characterized by very high volatility.



  • Any sudden selling by major holders or a drop in liquidity could lead to a rapid decline.



  • Competition has started to intensify from new meme coins like LILPEPE and Layer Brett, which are attracting attention due to their technical promises and huge yields.


5. Future Outlook




  • The continued accumulation by whales and increased liquidity is considered a positive indicator.



  • If the market stabilizes and PEPE succeeds in surpassing the current resistances, we may witness a strong upward wave in the coming weeks.



  • But caution is required as any sudden reversal could lead to a sharp correction.

$PEPE

#SOLTreasuryFundraising #SOLTreasuryFundraising #ETHBreaksATH #BTCWhalesMoveToETH #CryptoRally #MITOBinanceWalletTGE