Recent activity from large investors, or whales, in PEPE cryptocurrency has raised interest and speculation. Whales have acquired nearly 179 billion PEPE tokens worth about 2 million USDT, which may herald a potential price increase.
Whale Activity and Its Implications
A large investor spent 2 million USDT to acquire 178.9 billion PEPE tokens, according to on-chain data. The purchases occurred through multiple transactions, with the whale acquiring around 44–45 billion tokens at a time for half a million USDT. This level of buying suggests that smart money is positioning for a potential upward move, adding confidence to retail traders who often follow whale actions as market signals.
Current Technical Setup
The TradingView chart shows PEPE trading around $0.00001101. Support levels lie near $0.00001075 and $0.0000098, while resistance at $0.00001200 may be critical for future moves. Indicators also suggest accumulation, aligning with whale activity.
Short-Term and Medium-Term Predictions
If buying volume continues, an immediate target for PEPE could be a retest of the $0.00001200 level. Sustained growth may be possible if the price breaks above this level, opening the way towards $0.00001400. However, a drop below $0.00001075 could lead to another period of sideways trading. Medium-term, PEPE is likely to trade in the range of $0.0000098 to $0.00001400.
Whale activity forms the clearest bullish signal for PEPE at the moment. Technical analysis confirms consolidation and narrowing volatility, setting up conditions for a breakout. Traders should pay attention to key resistance and support levels in the upcoming trading sessions.
