🔥🔥🔥 #pepecoin🐸 Pullback Sparks Bullish Hope: Whale Activity and Technical Indicators Point to Potential Surge
Pepe Coin Pulls Back After Weekly Surge, Fueling Bullish Hopes
- Pepe Coin ($PEPE ) reached a high of $0.00001385 before a 10.6% correction, though it's still up 37% over the past week. Trading volume hit a three-month peak at $7.23 billion across multiple chains, reflecting heightened interest after a bullish breakout. Analyst CryptoZeus calls PEPE’s action "Monstrously Bullish," predicting a potential rally in this "Exciting Bull Run."
Technical Momentum and Whale Activity Support Bullish Outlook
- PEPE remains above key 50-day and 200-day SMAs, with high trading volumes backing an upward trend. Chart patterns suggest a breakout could lead to a target of $0.00019724 if momentum holds, though a pullback could invalidate this bullish setup. Key resistance levels include $0.00002200 and $0.00002768, with support at $0.00001095.
Notably, whale activity surged, with large PEPE transactions rising over 1,020% in a week. This significant whale interest could drive further demand and price growth for PEPE.
