$PEPE Pepe whales buying spree could trigger 55% rally

Pepe price shows signs of a potential comeback as it retest the a declining resistance level.A successful breakout could kick-start a 56% move to the upside as whales continue to accumulate on dips.A breakdown of the $0.00000581 support level will invalidate the bullish thesis for the meme coin.

Pepe’s (PEPE) recent price action suggests that its consolidation could be coming to an end, but a breakout confirmation is required before PEPE shoots up. While the bullish outlook does seem encouraging, there are a lot of considerations investors need to understand before diving head-first into buying this meme coin on the dips.