PEPE Price Forecast for September 2024
PEPE, the third-largest meme coin, appears ready for a significant boost following a major whale purchase. On September 2, 2024, online analytics firm Lookonchain revealed on X (formerly Twitter) that a whale acquired 292.97 billion PEPE tokens from Binance for $2.17 million shortly after the U.S. stock market opened.
Whaleâs Big Move on PEPE
This large acquisition near the crucial support level of $0.0000071 suggests a promising buying opportunity. The whale also made substantial investments in other tokens, including over 4.28 billion FLOKI for $511,500 and 2.273 million WLD tokens for $391,000.
If the trend follows a similar pattern to past movements, PEPEâs price could potentially rise by 20% to around $0.000009 or higher. Additionally, the Relative Strength Index (RSI) for PEPE is currently in oversold territory, signaling a possible trend reversal soon.
PEPE Price Trends
Currently, PEPE is trading near $0.00000747, showing a slight 0.3% gain over the past 24 hours. The open interest rate has decreased by 2% in the last hour but increased by 1.7% over the past day, indicating rising investor interest.
Historically, September has been a challenging month for price performance. However, the anticipated launch of Bitcoin and Ethereum spot exchange-traded funds in the U.S. could bring about notable changes. $PEPE
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