You can also read this news on COINTURK NEWS: PEPE Cryptocurrency Experiences Significant Growth Post-Bitcoin Halving
The cryptocurrency PEPE has recently gained traction, particularly following the fourth halving of the Bitcoin (BTC) network last Friday. This event has propelled PEPE's price by 66% in a mere six days, reaching a trading level of $0.000007, instilling a renewed sense of optimism within the broader market. Read on for the latest updates on this meme token!
Whale Accumulation in PEPE
This surge, coinciding with an increase in whale accumulation, suggests a potential long-term recovery trend on the horizon. The recent corrective trend in Pepe's currency was characterized by a falling channel pattern, which saw the token's price decline from $0.0000108 to $0.00000393. However, following the recent Bitcoin halving, PEPE established a new support level at $0.00000463, triggering an immediate reversal on the daily chart. Notably, Spot On Chain reported a significant on-chain event involving a whale accumulating 211.6 billion PEPE tokens, valued at $1.72 million.
The whale's purchases were executed via Binance, Gate.io, and Uniswap, with an estimated initial outlay of $1.54 million. Currently, the whale's accumulation of PEPE has yielded an unrealized profit of $173,000, representing an 11% gain. This recent rally, bolstered by the whale's acquisition, has decisively broken the channel pattern's resistance trend line. A successful breakout could signal a shift in market dynamics in favor of buyers, potentially leading to a sustained uptrend. The post-surge recovery could potentially propel PEPE's price towards $0.0000092 and subsequently to $0.0000108, representing overall resistance levels.

66% Surge in PEPE
PEPE has experienced a 66% increase to $0.000007 following the recent Bitcoin halving. Whale accumulation and the bullish chart pattern indicate potential for long-term recovery. The whale's $1.72 million purchase has supported PEPE's price, establishing a new support level at $0.00000463 and hinting at the possibility of reaching overall resistance levels. The post-halving recovery could extend to $0.0000092 and $0.0000108, suggesting that PEPE may continue to perform strongly in the near future.
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您也可以在 COINTURK 新聞上閱讀此新聞：PEPE 加密貨幣在比特幣減半後經歷顯著增長加密貨幣 PEPE 最近受到關注，特別是在上週五比特幣 (BTC) 網路第四次減半之後。這一事件使 PEPE 的價格在短短六天內上漲了 66%，達到 0.000007 美元的交易水平，為更廣泛的市場注入了新的樂觀情緒。請繼續閱讀有關此 meme 代幣的最新更新！ Pepe 貨幣近期的調整趨勢以下降通道模式為特徵，代幣價格從 0.0000108 美元下跌至 0.00000393 美元。然而，在最近的比特幣減半之後，PEPE 在 0.00000463 美元建立了新的支撐位，引發了日線圖上的立即反轉。值得注意的是，Spot On Chain 報告了一起重大鏈上事件，涉及鯨魚積累了2116 億個PEPE 代幣，價值172 萬美元。為154 萬美元。目前，鯨魚累積的PEPE已產生未實現利潤17.3萬美元，漲幅為11%。最近的反彈，在鯨魚收購的推動下，決定性地突破了通道形態的阻力趨勢線。成功的突破可能標誌著市場動態發生有利於買家的轉變，從而可能導致持續的上升趨勢。飆升後的復甦可能會將 PEPE 的價格推向 0.0000092 美元，隨後升至 0.0000108 美元，代表整體阻力位。 66% 在最近的比特幣減半之後，PEPEPEPE 的價格飆升了 66% 至 0.000007 美元。鯨魚累積和看漲圖表模式顯示長期復甦的潛力。鯨魚 172 萬美元的購買支撐了 PEPE 的價格，在 0.00000463 美元處建立了新的支撐位，並暗示有可能達到總體阻力位。減半後的復甦可能會延伸至0.0000092 美元和0.0000108 美元，這表明PEPE 在不久的將來可能會繼續表現強勁。成長