Pepe Coin Price Forecast: $1.5 Billion Volume—Are Whales Preparing for $1?
The Pepe Coin price has gained 4% in 24 hours to $0.000009495 while the cryptocurrency market falls 1% today.
Pepe has gained 4% in a week, 29% in a month, and 1,350% in a year.
PEPE is now enjoying high volumes and is the best-performing top-50 token of the last year.
PEPE is now the most popular meme token, and although the market has taken a knock in recent days, it is well-positioned to ride the comeback.
Pepe Coin Price Forecast: $1.5 Billion Volume—Are Whales Preparing for $1?
After suffering enough over the last two days, PEPE's chart looks good for the weekend.
PEPE may break out from its present resistance level (red), as its $1.5 billion trade volume indicates sustained interest.
Even major traders who have profited from PEPE still hold onto enormous amounts. Whales love it.
PEPE has one of the most recent all-time highs (reached in late May) of any significant token, and whales have shown no signals that they would abandon it for another meme currency.
This trend should continue, with the next several weeks determining the Pepe Coin price's ascent.
Assuming no more escalation in the Middle East and further Fed rate reduction, the bitcoin market may rebound.
It's intriguing that active Pepe addresses have increased since last month, indicating a coin market heatup.
In this perspective, Pepe Coin might hit $0.000015 by November and $0.000025 by year-end.
