$2 Billion Floods Into PEPE – Could a $1 Whale-Driven Pump Be Closer Than You Think?
Sam is a financial journalist with a focus on cryptocurrency market news, based in London. With a Master’s Degree in Development Management from the London School of Economics, Sam’s passion for...
Over the past 24-hours more than $2bn in trading volume has flooded into Pepe, yet, while technical analysis points to a breakout – closed PEPE price analysis reveals worrying signs.
In this article, deep-dive into the latest Pepe price trends and discover whether it could be the best meme coin to hold amid the flourishing meme super cycle.
As Pepe sits proudly as the King of Frog coins, it is currently ranked as the #29th biggest cryptocurrency, with a strong position as the 3rd biggest meme coin (by market cap).
=#PEPE is gearing up for a powerful breakout from this symmetrical triangle formation on the 4H chart. With rising volume and a strong push above the resistance line, we’re looking at a potential 40-50% surge in the short term. The momentum is building, and a big move is… pic.twitter.com/LZYNeDK2Cy
Indeed, PEPE currently dwarfs its nearest rival, DogWifHat, by a staggering $2Bn. The technical structure is alluring to many retail traders, with price action seemingly poised for a major breakout that could see Pepe aim for Shiba Inu coin’s second-place position.
Pepe trades in strong technical form, as PEPE currently stands at a market price of $0.00001055 (representing a 24-hour change of -3.58%).
This comes as the PEPE price remains in a bullish pendant, formed between well-defended support at $0.0000085 and a tough area of upside resistance at $0.000011.
At present, PEPE price is teasing a break to the upside, following a much-needed consolidation, which has seen Pepe cement position above the 20DMA following a successful
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