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Memecoin PEPE could increase in value by 60% with strategic movement of whales
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The memecoin Pepe (PEPE) has attracted renewed attention thanks to growing interest from whales and a technical pattern that suggests a strong uptrend.
With significant movement in the market, memecoin is positioned as one of the most promising bets for investors looking for short-term appreciation opportunities.
A notable move recorded by transaction tracker TheDataNerd revealed that a whale acquired 309.6 billion PEPE tokens. The mega investor paid US$6.42 million directly on the KuCoin exchange. This strategic purchase occurred at a time when the asset broke a bullish technical pattern known as “bullish flag and pole”.
This behavior indicates confidence on the part of large investors in PEPE’s growth potential. Historically, whales have avoided acquiring tokens near all-time high levels. However, the growing volume of transactions suggests renewed optimism regarding memecoin.
Memecoin PEPE may rise
Experts, such as analyst Chandan Gupta, highlighted that PEPE has already broken the 200-period exponential moving average (200 EMA) on the daily chart. And this breakout reinforces the uptrend. If the token closes a daily candle above $0.000022, there is a concrete possibility that it will reach $0.000035. This increase would be an appreciation of 60% in a few days.
“The Relative Strength Index (RSI) indicator also shows that there is room for growth, indicating that the asset is not yet overbought,” he said.
At the moment, PEPE is trading close to $0.000020 despite a 4% drop in the last 24 hours and a 2.38% reduction in trading volume.
In addition to whale movements, data from IntoTheBlock shows a 41.06% increase in the volume of large transactions involving PEPE in the last 24 hours. This growth signals that institutional investors also see significant opportunities in memecoin.
“With the prospect of a 60% appreciation, Pepe (PEPE) could consolidate itself as one of the main bets in the cryptocurrency market in the coming days”, concludes the analyst.
Memecoin PEPE could increase in value by 60% with strategic movement of whales
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Memecoin PEPE could increase in value by 60% with strategic movement of whales
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Memecoin PEPE could increase in value by 60% with strategic movement of whales
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Memecoin PEPE could increase in value by 60% with strategic movement of whales
