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WHALE ACTIVITY SIGNALS POTENTIAL REBOUND FOR PEPE
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Whale activity hints at a potential rebound in Pepe Coin's price as large investors accumulate PEPE at lower levels.
PEPE Coin Price Analysis
Pepe Coin (PEPE) has dropped 4.9% in the past 24 hours to $0.00000778, breaking a symmetrical triangle pattern and signaling a possible continued downtrend. PEPE is in a clear downtrend, trading below the 50-day and 200-day EMAs, indicating a bearish outlook. The price could find support around $0.00000700 or $0.00000600, with the MACD suggesting further downward momentum.
However, if bulls regain control, the price could break above the triangle, targeting the 200-day EMA.
Whales Accumulating PEPE
Despite the decline, whale activity has surged, with large holder inflow up 192% in the last 48 hours. Coinglass data shows $5.95 million worth of PEPE leaving exchanges, suggesting large investors are buying at discounted prices. Whale orders totaling $2.6 million are poised to buy more PEPE at lower levels, indicating a potential price increase.
Should You Buy Pepe ?
While PEPE is in a bearish phase, increased whale activity suggests a possible rebound if the price reaches the $0.00000575 low. The downtrend may continue, but accumulation by large investors could signal an upcoming bounce.
