December 28 PEPE Price Prediction: Is a Rebound Coming?

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Recent Developments of PEPE: Whales Purchase 1.42 Trillion Meme Coins, Potential Breakthrough Ahead

Amid ongoing market uncertainty, the world's third-largest crypto meme coin PEPE is drawing significant attention from whales and traders. Despite major assets like Bitcoin, Ethereum, Solana, and PEPE facing challenges, PEPE's market activity has shown some interesting trends.

PEPE Whales Purchased 1.42 Trillion Meme Coins

According to reports from on-chain analytics firm Coinglass and whale tracking organization Lookonchain, despite market volatility, PEPE's whales and traders have shown strong interest and confidence. Recently, Lookonchain released data on X (formerly Twitter) indicating that a cryptocurrency giant sold all their PEPE assets at the market peak, realizing a profit of $11.7 million. However, during the market downturn, this investor repurchased $24.5 million worth of 1.42 trillion PEPE. This buying activity occurred within six days, indicating a typical 'buy the dip' opportunity.

Outflow Data Shows Confidence of Long-term Holders

In addition to the whale's repurchase activity, PEPE's spot inflow/outflow data shows that exchanges witnessed an outflow of PEPE worth $40.86 million. This suggests that long-term holders are withdrawing tokens from exchanges, which is typically a bullish signal indicating that the market may experience upward momentum and increased buying pressure.

PEPE Technical Analysis: A Breakthrough Could Lead to an Upsurge

According to technical analysis, PEPE's price has been consolidating between $0.0000167 and $0.0000195 over the past ten days. Analysts believe that once this consolidation range is broken, PEPE's price could see a significant increase.

PEPE Price Prediction

If PEPE can break through the consolidation range and stabilize above $0.000020 with a daily closing price, the future price could soar by 40%, reaching the key level of $0.0000278.

However, if the daily closing price fails to stay above $0.000020, PEPE may struggle to maintain upward momentum and could continue to oscillate within a narrow range.

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