đž PEPE Coin in a âDescending Wedgeâ: Is a Bull Run Coming? đž
The price of $PEPE is heavily influenced by big players đ, as they hold most of the tokens. When these whales make a move, it can cause the price to swing up or down, affecting all investors.
Recently, these big players have been on a buying spree! In the past 10 days, theyâve added over 4 trillion PEPE tokens to their wallets, worth more than $20 million đ°.
Is PEPE Set to Rebound? đ
Long-term holders tend to hold on for 1-2 years, so they donât sell easily. This could give PEPE the chance to rebound soon. How much could it rise? Thereâs a potential for PEPE to jump 60%! đ
Right now, PEPE is showing a bullish sign called a descending wedge. This pattern means the price is narrowing, with lower highs and lows. But donât worryâitâs often a signal for an upward breakout. If PEPE breaks out from this wedge, the price could soar by 60%, reaching $0.00000633. If things go well, it could even hit $0.00001 and set new highs! đ
Watch for Key Levels đ
However, if PEPE falls below the support level of $0.00000474 before the breakout, this bullish prediction could fall apart. In that case, PEPE might drop below $0.000004.
