PEPE holders, look here! The price is about to surge more than 10 times again!
The price of Pepe (PEPE) showed a clear recovery, rebounding from the bearish signal observed in the last hour after establishing support at the intraday low of $0.000008633. Bulls regained control of the market, pushing PEPE to an intraday high of $0.000009802, although it faced huge resistance along the way. It is up 4.61% from the intraday low. Recent price activity suggests that the trend may reverse from bearish to bullish after a period of consolidation or a minor decline.
The recent high of $0.00000974 may act as a short-term resistance. If the price breaks out and sustains above this level, it may target the next psychological level of around $0.00001000. However, if the price fails to break through this resistance, it may enter a consolidation phase or experience a minor retracement.
The largest holder of PEPE has significantly reduced his holdings in the past 30 days. Specifically, addresses holding between $100,000 and $10 million in tokens saw double-digit reductions, indicating a massive sell-off.
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