🚀 The PEPE coin is back in the spotlight.. whales start accumulating again!
After a harsh selling wave that drove the price of the famous meme coin Pepe (PEPE) to its lowest levels in months, large investors and mid-sized traders have begun to move towards buying, taking advantage of the current decline.
📊 Santiment data revealed that wallets holding between 100,000 to 10 million PEPE have increased their total holdings to over 610 billion coins, while large wallets have halted their selling at 15.4 trillion PEPE.
🟢 Technically, the price is approaching the bottom of a symmetrical triangle pattern that has lasted for a year, with the RSI indicator bouncing off the oversold area and the MACD indicator improving — which could pave the way for a new bullish breakout.
📈 If the price maintains its historical support near $0.000009, the next targets could aim for $0.00005$ and possibly $0.0001, with a potential rise of up to +1200%.
💬 Do you think the whales are paving the way for an upcoming bullish wave in the PEPE coin? Or is the correction not over yet?
