Cryptocurrency

Pepe

Bitcoin

Spot

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/pepe-cryptocurrency-sees-significant-growth-after-bitcoin-halving/" data-wpel-link="internal">PEPE Cryptocurrency Sees Significant Growth After Bitcoin Halving</a><br></p>
<p style="text-align: justify">The cryptocurrency PEPE has gained popularity recently, especially after the <a href="https://en.coin-turk.com/bitcoins-golden-cycle-expert-analysts-positive-forecast/" data-wpel-link="internal">Bitcoin</a> (<a href="https://en.coin-turk.com/bitcoin-price-crosses-35400-whats-next/" data-wpel-link="internal">BTC</a>) network completed its fourth halving last Friday. This event boosted PEPE’s price by 66% in just six days, reaching a trading level of $0.000007, creating a new sense of relief in the broader market. Here is the latest on the meme token!</p> 
<h2 id="whale-accumulation-in-pepe">Whale Accumulation in PEPE</h2> 
<p style="text-align: justify">This rally, coinciding with a rise in whale accumulation, points to a possible long-term recovery trend in the near future. The recent correction trend in Pepe currency was tracked through a falling channel model, which dropped the token price from $0.0000108 to $0.00000393. However, following the latest Bitcoin halving, PEPE found a new support level at $0.00000463, which immediately caused a reversal on the daily chart. Additionally, Spot On Chain highlighted a notable on-chain event where a whale accumulated 211.6 billion PEPE tokens worth $1.72 million.</p> 
<p style="text-align: justify">The whale’s purchases were made through <a href="https://en.coin-turk.com/binance-rolls-out-50x-leveraged-usd%e2%93%a2-m-ong-perpetual-contracts-amid-price-surge/" data-wpel-link="internal">Binance</a>, Gate.io, and Uniswap, with an estimated initial expenditure of $1.54 million. Currently, the whale’s accumulation of PEPE resulted in an unrealized profit of $173,000, an 11% gain. This latest rally, supported by the whale’s purchase, provided a definitive exit from the channel model’s resistance trend line. A successful exit could signal a shift in market dynamics favorable for buyers, leading to a significant upward trend. The post-surge recovery could bring the PEPE price to $0.0000092 and then to $0.0000108 overall resistance levels.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-344193 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/pepeee.jpg" alt="" width="1551" height="607"></p> 
<h2 id="66-increase-in-pepe">66% Increase in PEPE</h2> 
<p style="text-align: justify">PEPE rose 66% to $0.000007 following the recent Bitcoin halving. Whale accumulation and the rising graph indicate a long-term recovery. The whale’s purchase of $1.72 million supported PEPE’s price to $0.00000463 and hinted at reaching overall resistance levels. The post-blast recovery could reach $0.0000092 and then $0.0000108. This indicates that PEPE could perform strongly in the coming period.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/pepe-cryptocurrency-sees-significant-growth-after-bitcoin-halving/" data-wpel-link="internal">PEPE Cryptocurrency Sees Significant Growth After Bitcoin Halving</a></h5>

PEPE Cryptocurrency Sees Significant Growth After Bitcoin Halving

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