While there is a general recovery process in the cryptocurrency markets, Pepe Coin (PEPE) has recorded a remarkable rise. PEPE, which showed a 42% increase according to daily charts, stood out with its reverse head and shoulders formation. This formation indicates that investors are purchasing tokens at low prices and the market is in a recovery trend.

Dynamics of Recovery

PEPE rebounded from the lows, rising 128% to $0.00000893 in a short time. The decrease in selling pressure and the increase in purchasing power increased the value of PEPE. Additionally, according to reports from Spot On Chain, large-scale transactions and on-chain activity indicate that the PEPE price may rise further.

Important Investor Movements

In particular, multi-signature wallets such as address 0x323, which withdraws a large amount of PEPE tokens from Binance, attract attention. This wallet demonstrated significant investor activity in the cryptocurrency market, moving 915.85 billion PEPE tokens in the last 28 hours. Such large withdrawals can often have positive effects on the market.

#BitcoinDunyamiz

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