Recent developments in the PEPE market have attracted analysts' attention, especially after significant sales by whale investors. Let's examine the current price situation of PEPE and the factors affecting its dynamics.
Current Situation with PEPE Price
PEPE is currently trading in the range of $0.0000097 to $0.0000098 after a significant sale where one major investor moved over 500 billion tokens, worth approximately $4.8 million. The $0.00001 level is critical and could determine the direction of future price movement.
Bullish Factors Supporting Prices
If the $0.00001 level holds, it may lead to an upward movement within the range of $0.0000115 to $0.0000125 and potentially higher. Additional factors, such as accumulating holdings by major investors and high social media activity, may contribute to price recovery.
Bearish Risks and Threats
There is a risk that the price may drop below $0.00001, leading to a correction down to $0.0000090–$0.0000085. A crucial level will be $0.00000938, which could serve as a reference point for further declines.
The current situation with PEPE remains ambiguous, with potential for short-term volatility. Investors remain cautious as they anticipate whether the $0.00001 level can withstand price pressure.
