🚨 PEPE Whale Transfer Hints at Potential Rally! 🐸💰
A whale just moved 4 billion PEPE tokens (worth $29.87M) from Bybit to a private wallet, signaling growing investor confidence. Could this spark a supply squeeze and push prices higher? Let’s dive into the key insights:
1️⃣ Supply Dynamics: With fewer tokens on exchanges, prices could rise if demand holds strong. 📈
2️⃣ Technical Pattern: PEPE’s bullish symmetrical triangle formation is looking promising, with a recent rebound from support. A breakout could take us back to, or beyond, the May peak of $0.00001725! 🚀
3️⃣ MACD Indicator: A bullish MACD crossover just appeared, hinting at a rally—especially if backed by strong volume. 💥
4️⃣ Open Interest: With $91.16M in rising open interest, trader activity is heating up, adding to the bullish momentum! 🔥
Despite a recent 3.93% dip, all signs point toward a potential PEPE rally. Stay tuned for more updates, price analysis, and trends. Let’s see where this goes!
