PEPE Price Primed for 60% Surge as Whale Snaps Up 310 Billion Tokens

Pepe (PEPE) is on track for a significant rally after a whale acquired 310 billion tokens worth $6.42 million. Breaking out of a bullish pattern, analysts predict a potential 60% surge to $0.000035.

Whale Acquires 310 Billion PEPE Tokens, Fueling Bullish Momentum

Pepe (PEPE), the third-largest meme coin, is gaining traction in the crypto market with a bullish outlook. On November 22, 2024, TheDataNerd, a whale transaction tracker, reported that a whale acquired 309.6 billion PEPE tokens worth $6.42 million from KuCoin.

This large acquisition coincided with PEPE breaking out of a bullish flag and pole price action pattern, presenting an optimal buying opportunity for investors. The whale’s move signals confidence in the token’s long-term potential, particularly as it nears critical resistance levels.

Strong On-Chain Activity and Whale Interest

Data from IntoTheBlock revealed a 41.06% surge in large transaction volume for PEPE within 24 hours, highlighting growing institutional and whale interest. These purchases indicate a strong belief in PEPE’s upside potential, even as it approaches significant resistance near its all-time high (ATH).

Historically, whales avoid accumulation near ATHs, making their current involvement a bullish signal for the meme coin.

Technical Analysis: Path to a 60% Rally

Expert analysis shows that PEPE has broken out of a bullish flag and pole pattern, setting the stage for a potential 60% rally. If the token closes a daily candle above the $0.000022 level, it could surge to $0.000035 in the coming days.

Additional indicators support this bullish trend:

• PEPE is trading above the 200 EMA on the daily chart, signifying an uptrend.
• The Relative Strength Index (RSI) shows room for further price gains before hitting overbought conditions.

Price Momentum and Market Activity

Currently, PEPE is trading at $0.000020, reflecting a 4% decline in the past 24 hours, with a slight 2.38% drop in trading volume. Despite this dip, the ongoing bullish sentiment, combined with whale activity, suggests a bright outlook for the token.

Outlook for PEPE

With strong technicals, whale confidence, and growing institutional interest, PEPE could soon achieve a new ATH. If the $0.000022 resistance is breached, the token’s journey toward $0.000035 will solidify its place as a top-performing asset in the meme coin sector.

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