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.
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.
FAQs
How much did a whale invest in PEPE recently?
On November 22, 2024, a whale purchased 309.6 billion PEPE tokens worth approximately $6.42 million, highlighting strong investor interest in the meme coin.
What is the predicted price movement for PEPE?
PEPE is expected to rise by up to 60%, with technical analysis indicating it could reach a price of $0.000035 in the coming days, following a bullish flag and pole pattern breakout.
Has PEPE’s price shown any signs of weakness?
While PEPE saw a 4% dip in the last 24 hours, its long-term outlook remains bullish, as it is trading above key levels such as the 200-day EMA, indicating potential for further upward movement.
Why are institutional investors interested in PEPE?
Institutional investors and whales have been buying PEPE, driven by favorable technical signals and the coin’s growing popularity in the meme coin market, boosting its prospects for future growth.
