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Reading: Whale Activity Pushes PEPE Coin 60% Higher
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Altcoin News

Whale Activity Pushes PEPE Coin 60% Higher

Ali Raza Published November 23, 2024
PEPE Meme Coin 60% Price Surge

In the cryptocurrency market, the rising trend of meme coins continues, with PEPE Meme Coin 60% Price Surge (PEPE) being a protagonist from the village. Recently, along with whale activities, the bullish signals of the technical indicators suggest. That PEPE can rise by up to 60% in price.

Contents
PEPE Surges with Whale Buys and Bullish PatternPEPE Price Shows Bullish Signs Despite 4% DipFinal Thoughts

A deal that involved a whale was recorded on 22nd November 2024 when a whale entered the exchange market and bought 309.6 billion PEPE tokens valued at around $6.42 million from KuCoin.

PEPE Surges with Whale Buys and Bullish Pattern

On-chain analytics show that institutional investors and whales have been buying up PEPE. The last 24 hours have witnessed a 41.06% increase in large transaction volume, highlighting the increasing curiosity about this meme coin.

The technical analysis shows that PEPE has made a good move out of a bullish flag and pole pattern; thus, the coin has the potential to rise to a new ATH. The price of PEPE closed a daily candle above the 0.000022 level, and the price will likely skyrocket by 60% and attain the $0.000035 level in the next few days.

PEPE Price Shows Bullish Signs Despite 4% Dip

The price of PEPE Meme Coin 60% Price Surge slid slightly to 4% in the last 24 hours, although the outlook is bullish. Nonetheless, the tendency is positive, and the currency is above the 200-day EMA. The RSI shows we can have more upwards movement as well.

Along with the open-ended cryptocurrency market, memes like PEPE have become the choice of both investors and traders. With the whales also being so interested in PPE and excellent technical indicators. This currency might be ready for its big move.

Final Thoughts

PEPE’s price trend remains bullish with the whale activities and technical indicators igniting the information that it is probable to have a significant price increase in the distant future. The 41% increase in essential transactions and the recent bullish breakout from a flag-and-pole pattern show a high likelihood of a further upward move.

Although there has been a 4% decline in the last 24 hours, the coin stays above critical levels like 200-day EMA, the writing on the wall of a healthy trend. In light of the surging institutional investments and whales, PEPE can be in a position to experience new all-time highs, with a 60% increase forecasted. Currently, PEPE is just the meme coin to watch as its momentum is on the upward trajectory.

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TAGGED:cryptocurrency marketPEPE Meme Coin 60% Price Surge
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By Ali Raza
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An enigmatic character in the crypto community, Ali Raza has written extensively about the coinz4u and all its facets. Some think he's a hacker, while others think he's a trader. His words have the power to shift markets, and his writing is like a key that unlocks the mysteries of the crypto world. The tales told by Edyme are like enigmas in a cryptography book. But at his core, who is he? Like the renowned Satoshi Nakamoto, some think he's using a pseudonym.
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Reading: Whale Activity Pushes PEPE Coin 60% Higher
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