Pepe Coin Price Prediction As Whales’ Buying Spree Sets $0.00001 Target in Sight

Pepe Coin Price Analysis

Over the past week, Bitcoin's price has fluctuated around $60,000, fostering uncertainty in the market. Consequently, the altcoin sector has lacked the impetus for a sustained recovery, with many coins exhibiting lateral movement.

Pepe, the Frog-themed memecoin, has been trading since May 4th between two horizontal levels: $0.00000913 and $0.0000078.

Key Resistance Breakout Triggers 18% Surge in PEPE Price

Pepe Coin Price Prediction | Tradingview

Since mid-April, Pepe coin has experienced a steady recovery, rebounding from $0.00000393. The positive upswing has propelled the coin's value by 124% within a month, reaching its current trading price of $0.00000881. In daily charts, this rally, characterized by higher highs and lows, suggests buyers are actively accumulating the asset during dips, indicating an established bullish trend.

A recent report from Spot On Chain highlighted a substantial transaction by trader Oxa14, who strategically withdrew 350.2B PEPE tokens worth $2.92 million from Binance during a market dip.

10 hours ago, Smart trader 0xa14 withdrew 350.2B $PEPE ($2.92M) from #Binance at the dip! This trader is really good at swing trading $PEPE, having earned a cumulative est. profit of $2.59M from the token (win rate: 100%)! Current holding: 660B $PEPE ($5.74M). Follow… pic.twitter.com/9MTBk1nUxj

— Spot On Chain (@spotonchain) May 11, 2024

This move aligns with Oxa14's successful trading strategy, which has yielded a 100% win rate and an estimated $2.59 million in profits from PEPE trades. Oxa14 currently holds 660B PEPE tokens, valued at approximately $5.74 million.