Let's do a simple analysis of what's happening now in PEPE and see some of the news that's moving the market.
What's going on?
The most important news was that the whales moved $6.17 million into PEPE alone in one move and in one day.
These movements say one thing: there are big investors interested in this currency, and they are probably preparing for a price pump operation.
Why is this important?
When whales pump large amounts of money into a coin, the price starts to rise due to increased demand, which attracts other traders and small investors who run after the rise. This starts the "FOMO" cycle, or fear of missing out, which quickly drives the coin up.
Current Status of PEPE Technical Analysis
Current price: $0.00002382
Highest price of the day: $0.00002402
Lowest price of the day: $0.00002259
Daily change rate: +0.97%, which confirms that the market is starting to recover a bit after last week's decline.
Moving Averages (EMA)
Moving averages say we are in an uptrend:
EMA(7): 0.00002395
EMA(25): 0.00002189
EMA(99): 0.00001557
If we look at the chart, we will find that the fast moving average EMA(7) broke the EMA(25) upwards, and this is considered a strong signal to buy from an analytical perspective.
News and Analysis
Social Media and Trends: Meme coins like PEPE rely on community support. If a campaign or post trends on Twitter or Reddit, the price can skyrocket in hours.
Listing on new exchanges: Any news about PEPE being listed on new major exchanges like Coinbase or the coin being upgraded will make people buy it before the announcement.
Market Condition: If the overall market is bullish (like Bitcoin and Ethereum), these smaller coins benefit doubly.
Numbers you should focus on
Strong support at: $0.00002138.
Current resistance at: $0.00002402.
If the price breaks this resistance, the next stop could be 0.00002836.
But if it goes down, there is important support at 0.00002189, which is the EMA(25).
PEPE's overall performance
In one year: 1626.09% increase!
Within 6 months: 109.31%
Within 90 days: 220.16%
Within 7 days: It fell by 8.77%, which is normal after the big rise in the past period.
In general, these numbers indicate that this currency has achieved very large profits for its investors, and it may rise again if the situation improves.
Summary of the speech.
If you are looking for a quick profit, focus on the news and whale movements. Currently the market is giving positive signals, but as we always say, follow the chart well and do not invest your entire capital in meme currencies because they are always volatile.
PEPE coin is not just a "meme", it is now an important part of the digital market and people are taking advantage of it, whether whales or small investors. Remember that whales move the market, and the smart one is the one who knows how to benefit from them!