Over the week, the price of PEPE has risen by more than 50% and will clearly continue to rise.

According to data from analytics platform Santiment, over the past 2 weeks, whales have amassed over 3.3 trillion PEPE worth approximately $24.3 million, bringing the total balance to 46.96 trillion tokens.

Although PEPE managed to break out of the descending wedge, it faces another major barrier on its way to $0.00001000. The $0.00000826 level has tested as support and resistance in the past, so holding firmly above it will allow Memcoin to continue its rally and test $0.00001007.

However, if the breakout fails, the asset risks falling to $0.00000633. Losing this support will take away the strength of the bullish thesis and push the coin towards $0.00000474. #pepe #memcoin