Pepe (PEPE) Whale Causes Waves as the Memecoin Shows Bullish Signs

PEPE Whale Movement Surpasses 1 Trillion Tokens

The crypto market has witnessed significant movement in the PEPE (PEPE) memecoin, with a whale account transferring over 700 billion tokens worth $7.85 million to Binance.

Bullish Run and Whale Activity

PEPE has experienced a 75% surge in daily trading volume and a bullish run in the past 24 hours. The whale movement further suggests bullish sentiment for the token, which has ranked as the account's top holding.

Price Overview

PEPE is currently trading at $0.00001167, with a 12.94% increase in the past 24 hours. Despite reaching an all-time high in May, PEPE has exhibited signs of price recovery and an upward trend over the past week.

Technical Indicators

PEPE's 9-day moving average remains below its current price, indicating a bullish trend. Additionally, a daily relative strength index (RSI) of 47.74 suggests potential for a buy zone.

Market Outlook

Analysts anticipate positive price movements for PEPE in the coming months. Potential resistance is expected at $0.00001226, while support may be found at $0.00001079. TheNewsCrypto has forecasted a bullish price of $0.00004965 for PEPE in 2024.

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