LIVEIt has been observed that the price of PEPE is strongly influenced by the movements of whales as they tend to hold the majority of the circulating supply. This is both a blessing and a curse, because it dictates the price movement for the rest of the investors.
Currently, their dominance is a blessing, as over the past few days these whales have been adding more and more tokens to their portfolios. Top holders have bought over 4 trillion PEPE worth over $20 million in the past 10 days alone.
PEPE price has a chance to rise as medium-term holders show signs of avoiding selling for at least 12 months.
PEPE Price Prediction: Frog May Jump 60%
This bullish pattern, also known as a falling wedge, is characterized by a narrow price range and lower highs and lows, indicating a potential bullish breakout.
Based on this formation and bullish signals from traders, the target is set at 60% above the breakout point at $0.00000633 after a potential breakout. This would take memecoin to not only cross the $0.00001000 mark, but also reach all-time highs.
However, if PEPE price breaks down and loses the support at $0.00000474 before it can break out, it will invalidate the bullish thesis. As a result, the Toad symbol will drop below 0.$00000400.
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