Memetic / PepeCoin

Shiba Inu

PEPE’s price is poised for a potential 27% surge to $0.0000100, rebounding from a key support level. Recent whale activity, characterized by significant dumping over the past week, historically signals an upcoming rally. Approximately $623 million worth of PEPE stands on the brink of profitability, likely motivating investors to refrain from selling.<h2 id="header-0">Claim Instant $200 Worth Of DunkiMunki New Memecoins Free On <a href="https://dunkimunki.xyz/" rel="noopener noreferrer nofollow">www.DunkiMunki.xyz</a></h2><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/05/Untitled-design.png?fit&#61;1920%2C1080&amp;ssl&#61;1" />In recent days, the price of PEPE has dropped, but this could actually be setting the stage for a comeback. Interestingly, whales, or large investors, are acting in ways that match up with past patterns, adding to the possibility of a positive turn.<h3 id="optimism-surrounds-pepe-as-whales-sell-and-profits-loom">Optimism Surrounds PEPE as Whales Sell and Profits Loom</h3><a href="https://cryptosheadlines.com/pepe-price-rallies-on-4-trillion-coin-accumulation-by-whale/" rel="noopener noreferrer nofollow">PEPE’s price is heavily influenced by whale</a> addresses, which hold a significant amount of the coin. Typically, when whales start selling, it’s viewed as a negative sign, indicating a lack of confidence in the asset.However, for PEPE, the situation is different. Over the last five days, the supply held by the top non-exchange addresses has decreased by 2.5 trillion PEPE, valued at nearly $20 million. This decline suggests optimism among investors.Historically, when <a href="https://cryptosheadlines.com/pepe-whale-transfers-tokens-to-binance-potential-1m-loss-upon-selling/" rel="noopener noreferrer nofollow">PEPE whales sell</a>, it’s often followed by a sharp price increase. The larger the selling, the greater the rally. Given that whales are already selling, a similar scenario is anticipated this time.<h2 id="header-1">Claim Instant $200 Worth Of DunkiMunki New Memecoins Free On <a href="https://dunkimunki.xyz/" rel="noopener noreferrer nofollow">www.DunkiMunki.xyz</a></h2><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/05/Untitled-design.png?fit&#61;1920%2C1080&amp;ssl&#61;1" /><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/05/cryptosheadlines2-3.webp?resize&#61;640%2C218&amp;ssl&#61;1" />PEPE Whale Holdings. Source: <a href="https://app.santiment.net/" rel="noopener noreferrer nofollow">Santiment</a>This decrease in supply is the initial indication that a rally could be on the horizon. Additionally, many PEPE holders are on the verge of making profits. A significant amount of PEPE, <a href="https://cryptosheadlines.com/cardanos-ada-defi-growth-sets-all-time-high-for-total-value-locked/" rel="noopener noreferrer nofollow">totaling over 79 trillion and valued</a> at $623 million, was purchased at prices ranging from $0.0000070 to $0.0000099. Once <a href="https://cryptosheadlines.com/the-value-of-pepe-mindblows-has-reached-an-all-time-high-ath/" rel="noopener noreferrer nofollow">PEPE reaches a new all-time high</a>, these holdings will become profitable.<img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/05/cryptosheadlines1.webp?resize&#61;640%2C192&amp;ssl&#61;1" />Dogecoin Supply Distribution. Source: <a href="https://app.intotheblock.com/" rel="noopener noreferrer nofollow">Into</a><a href="https://app.intotheblock.com/" rel="noopener noreferrer nofollow">TheBlock</a>With such a substantial amount of supply awaiting profitability, investors are likely to refrain from selling, thereby <a href="https://cryptosheadlines.com/binance-boosts-support-for-pepe-and-floki-potential-price-rally-ahead/" rel="noopener noreferrer nofollow">boosting the PEPE price further</a>.<a href="https://cryptosheadlines.com/terra-luna-classic-proposal-fails-lunc-prices-surge/" rel="noopener noreferrer nofollow">Also Read: Terra Luna Classic Proposal Fails; LUNC Prices Surge</a><h3 id="strong-pepe-price-eyes-completion-of-anticipated-rally-strong">PEPE Price Eyes Completion of Anticipated Rally</h3>Currently, PEPE’s price is trading above the critical support level of $0.0000077. The meme coin appears poised to fulfill the anticipated 60% rally forecasted earlier. This target was established by the descending wedge pattern PEPE was in before breaking out two weeks ago.Despite the rally, <a href="https://cryptosheadlines.com/pepe-pepe-posts-27-surge-amid-meme-coin-resurgence-in-bull-market/" rel="noopener noreferrer nofollow">PEPE has not yet reached its target and remains 27%</a> away from the $0.0000100 mark. However, considering the factors mentioned above, there’s <a href="https://cryptosheadlines.com/chainlink-price-forecast-whale-accumulation-points-to-potential-rally-to-30/" rel="noopener noreferrer nofollow">potential for PEPE to achieve this rally</a> and establish $0.0000100 as a support level.<img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/05/cryptosheadlines3-2.webp?resize&#61;640%2C273&amp;ssl&#61;1" />PEPE Price Analysis. Source: <a href="https://www.tradingview.com/" rel="noopener noreferrer nofollow">TradingView</a>Nevertheless, if PEPE’s price drops below the support level of $0.0000077, it could decline to $0.0000063. Such a loss of support would invalidate the bullish outlook, leading to further losses for investors.Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

PEPE Whales Suggest Possible 27% Price Increase

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