#PEPE What Did Whales Do?
It has been observed that the price of Pepe is heavily influenced by whale addresses as they tend to hold the majority of the circulating supply. This is both a blessing and a bane as they dictate price action for the rest of the investors.
Currently, their dominance is a blessing because over the last few days these whales have been adding more and more tokens to their wallets. Major wallet holders purchased more than 4 trillion PEPE worth over $20 million in the last ten days alone.
PEPE price has a chance to recover as medium-term holders tend to avoid selling for at least 12 months.
PEPE Price Prediction: Frog May Jump 60%.
This bullish pattern, also known as a falling wedge, is characterized by a narrowing price range and decreasing highs and lows, indicating a potential upside breakout.
Based on this formation and bullish cues from traders, the target is set at 60% above the breakout point at $0.00000633 after a potential breakout. This would result in memecoin not only surpassing the $0.00001000 mark but also establishing new all-time highs.
However, if PEPE price drops and loses the $0.00000474 support before it can break out, it will invalidate the bullish thesis. As a result, the frog meme token will fall below $0.00000400
