🐸 $PEPE : Can a $3.74M Whale Withdrawal Trigger a Breakout?
💰 A new whale wallet just withdrew 492B PEPE ($3.74M) from Binance. With PEPE trading at $0.00005734 (+0.34% 24h), this suggests long-term confidence and hints at a possible bullish reversal.
📉 On-chain data shows 63% of PEPE holders are in loss, 19.17% in profit, and 17.15% at breakeven. If price rises, profit-taking might trigger selling pressure—but it could also fuel momentum if demand continues.
📈 PEPE has formed an inverse head-and-shoulders pattern, hinting at a breakout. A close above $0.00000884 could push price to $0.00001146. Failure may lead to a dip toward $0.00000565.
📊 The NVT ratio has surged to 321.77, signaling PEPE’s network value is outpacing transaction activity. This often marks accumulation phases and potential bullish setups, not overvaluation.
🚀 With whales accumulating, bullish patterns forming, and sentiment shifting, PEPE appears primed for a significant move. If resistance breaks, bulls could take control.
⚠️ Disclaimer: This post is for informational purposes only and does not constitute financial advice or endorsement.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.