$PEPE Price Surges 9%: Bears Fail to Gain Upper Hand ‼️‼️‼️‼️

In a surprising turn of events, PEPE price has posted a 9% gain in the last 24 hours, defying bearish expectations. This sudden upswing has resulted in a short squeeze worth $17 million, according to Coinglass data. While bears anticipate further declines, this move may signal a bullish reversal, particularly for large capital holders.

Whales, holding over 1.5 billion PEPE (worth $13 million), have been accumulating the meme coin over the past three weeks. If prices recover, they stand to make significant profits. The recent price drop from $0.00001146 to $0.00000889 may be a temporary setback, and PEPE could retrace its uptrend if it reestablishes $0.00001000 as support.

The next targets would be $0.00001146 and potentially higher. However, if the support fails, a pullback to $0.00000775 and consolidation below $0.00001000 may occur, invalidating the bullish scenario. The market is eagerly watching PEPE's next move.