On July 16, Pepe Coin price rose to $0.0000138, boosted by ongoing whale accumulation and emerging technical signals.
Pepe Coin Price Growth
As of July 16, Pepe Coin price reached $0.0000138, the highest level since July 11. This value is 60% above its lowest point in June.
Whale Accumulation Analysis
According to Nansen, over the past 30 days, large investors increased their holdings of Pepe Coin by 11.8%, bringing the total to 9.19 trillion tokens. Whale accumulation is viewed as one of the most reliable bullish signals in the crypto industry.
Technical Analysis of Pepe Coin
Technical analysis indicates that Pepe Coin may continue its upward trend. The token has already broken above the falling wedge pattern and formed a golden cross, where the 50-day and 200-day moving averages cross. The upward trend of the Average Directional Index suggests strengthening momentum.
In conclusion, the price rise of Pepe Coin and whale accumulation create favorable conditions for further increases, especially in light of positive market signals.
