Today, approximately 1.1 trillion PEPE (valued at ~11.6 million dollars) was transferred by a massive whale to the Binance platform, causing an immediate market loss of 3.4 million dollars right after the deposit.

The same whale currently holds about 1.21 trillion coins and made a previous deposit of 1 trillion to Binance 13 hours ago.

➡️ These movements indicate a potential intent to sell by the whales or a rebalancing of their portfolio, which increases selling pressure on the price in the short term.

🔄 On the other hand, data has emerged indicating that other whales have accumulated nearly 154 billion PEPE coins valued at ~1.7 million dollars at a support point close to 0.00001052, after breaking through a descending channel.

Brave New Coin analysis indicates the formation of a technical structure: resistances are retreating, and bullish momentum may push the price towards 0.0000128, and perhaps 0.000015.

➡️ This suggests that there are other whales taking advantage of the current decline, creating a dual effect of whales: some are exiting, while others are accumulating to target a new rise.

📉 Technical analysis and price predictions

The price is still confined between multiple support levels, including 0.00001114 – which is a pressure zone for short-term buy trades.

Some technical patterns indicate a strong likelihood of an upward move to levels of 0.0000145–0.00002 if the ascending channel is breached.