LIVE
PEPE Coin rises 50% with whale support—what next?
With meme cryptocurrency PEPE rising almost 50% in seven days, the market pullback is welcome. With PEPE at $0.00000738, the bullish trend may continue. This gain is attributed to its loyal investors, notably whales, who have large holdings and have lately increased their stakes.
To far, these notable wallet holders have amassed 3.3 trillion PEPE worth $24.3 million in two weeks. The most accurate Pepe price estimate shows their holdings at 46.96 trillion tokens. These players showed their belief in this cryptocurrency's huge potential. In the current upswing, whales' aggressive purchasing has driven the coin's price higher.
BC.Game
PEPE is mostly interesting since it can turn most pennies into pricey stuff. Their determination has given meme coin the strength to rise. More than 92 trillion PEPE are reaching profitability for their investors, thus this price growth is expected to continue. Over $686 million in supplies was purchased for $0.00000700 to $0.00000890. At $0.00000738 per meme coin, this PEPE supply might be turned for profit.
They choose to hold their assets due to the higher return potential and expanding number of investors. Prices will undoubtedly rise further. Keep in mind that PEPE still has several technical issues. After bouncing off a falling wedge pattern, it confronts opposition at $0.00000826, a crucial level that has been a support and resistance zone.
This turning moment from opposition to support is crucial. If it succeeds, it will increase the likelihood of profiting from the 92 trillion PEPE and drive the digital asset to test higher resistance levels, notably at $0.00001007, if successful. This stage has 60% growth potential following a wedge pattern breakout.
However, these risks must be considered. PEPE may retreat and consider lower support if it fails to break the resistance level. This would set the currency's initial value at $0.00000633, which would significantly damage coin optimism. It might even drop to $0.00000474.
LIVE