[PEPE’s 30% rally at risk as whales return but faith shakes]
Recently, PEPE has seen a surge in large-value trading activity, with whale investors still active in the market, with a total trading volume of $85 million. This is seen as a bullish signal, showing that large currency holders are confident in future returns. However, the average currency age of PEPE has dropped slightly, which means that some long-term currency holders may move their tokens in preparation for selling, which may limit the potential for a price rebound.
Currently, PEPE is trading at $0.00001040 as it attempts to break above the $0.00001146 resistance. A successful breakout and turning it into support could see the price rise to $0.00001369, reversing recent losses and delivering a 33% gain. However, if long-term holder confidence continues to decline, the price could consolidate between $0.00001146 and $0.00000839, limiting upside potential.
