PEPE recorded a 300% price increase, reaching $0.000002087, with traders expecting further price growth.
Whale trades exceeding $100,000 grew rapidly, coinciding with increased market activity and interest in PEPE.
Trading volume consistently exceeded $8 billion, highlighting strong market participation and confidence among traders and investors.
PEPE/USDT recorded a 300% gain from its secondary entry range of $0.00000080 to $0.00000065. The memecoin reached the short-term target of $0.000002087, validating CryptoPatel’s bullish technical projections. Moreover, the chart signals the potential for a 500% breakout, drawing interest from investors and traders alike.
Source: CryptoPatel
Historic Gains Highlighted by Key Technical Breakouts
PEPE's rally began in October 2023, with a massive 1,646% surge, hitting $0.000001026. This initial momentum stemmed from hype and increased volume.
In February 2024, another explosive move drove PEPE 514% higher, largely fueled by speculation and growing market adoption. These gains set the stage for a consolidation phase.
The formation of a textbook bull flag pattern signaled further continuation of the uptrend. The breakout occurred at $0.00000775, followed by a successful retest of the support zone.
Key Resistance Holds the Path to a 500% Breakout
PEPE's current breakout has drawn attention to its potential next leg. Analysts highlight $0.000004672 as the key resistance point.
This psychological barrier will determine whether PEPE can achieve the anticipated 500% rally. Breaking it could lead to an explosive continuation.
Traders should monitor trading volume, as it often signals market sentiment. PEPE's rising volume confirms strong interest in the token.
Investor Strategies Amid Volatility
CryptoPatel advises traders to adopt tailored strategies based on their risk tolerance. Conservatively, investors can secure profits after the 300% gain. Alternatively, risk-tolerant traders might hold onto profits to benefit from any potential continuation toward the next breakout target.
Additionally, traders are encouraged to watch critical price zones. This ensures well-informed decisions while balancing risks and potential rewards.
Over $100,000 Whale Trades Fuel PEPE’s Liquidity Spike and Price Gains
PEPE/USDT has seen an increase in whale transactions, with over $100,000 trades surging notably since October 2024. During this period, PEPE's price rose from $0.000017 to $0.000024, reflecting a growth of nearly 41%.
Source: Santiment
Trading volume also surged, peaking at 11.26 billion, signaling heightened interest and liquidity. Whale activity strongly correlates with these price movements, as transaction spikes often precede significant upward trends.
Additionally, November saw whale transactions exceeding $100,000 increase dramatically, aligning with PEPE's trading volume reaching a high of 11.26 billion. This activity contributed to PEPE’s price climbing from $0.000017 on October 24 to $0.000024 by December 10. The token’s trading volume consistently exceeded 8 billion throughout this period, highlighting sustained market participation.
