Pepe Coin

Pepe

NEXT GEN PEPE

Pepe Coin Price Analysis: For over a week, the <a href="https://coingape.com/price-predictions/bitcoin-btc-price-prediction/" rel="noopener noreferrer nofollow">Bitcoin price</a> has wavered around the $60000 level accelerating uncertainty among market participants. As a result, the altcoin market lacked the momentum to drive a sustainable recovery with many showing a sideways action. Pepe, the Frog-themed memecoin has been trading since May 4th, resonating between two horizontal levels of $0.00000913 and $0.0000078.
Also Read: <a href="https://coingape.com/smart-money-flocks-pepe-coin-major-cryptos-recovery-ahead/" rel="noopener noreferrer nofollow">Smart Money Flocks To PEPE &amp; These Major Cryptos, A Recovery Ahead?</a>
<h2 id="span-style-font-weight-400-key-resistance-breakout-sets-18-upswing-in-pepe-price-span">Key Resistance Breakout Sets 18% Upswing in PEPE Price</h2>
<figure style="width: 100%" class="wp-caption alignnone"><img decoding="async" src="https://s3.tradingview.com/snapshots/z/zgDCmPMY.png" alt="BINANCE:PEPEUSDT Chart " width="1946" height="893">
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 Pepe Coin Price Prediction| Tradingview
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The <a href="https://coingape.com/pepe-price-investors-accumulate-650-bln-pepe-coin-more-steam-left/" rel="noopener noreferrer nofollow">Pepe coin</a> has been rallied to a steady recovery since mid-April as the price rebounded from $0.00000393. The positive upswing surges the coin value by 124% within a month to reach the current trading price of $0.00000881.
In daily charts, this rally offering higher highs and lows formation indicates the buyers are actively accumulating this asset at dips, which is a key sign of the established rally.&nbsp;
A recent update from Spot On Chain highlighted a significant transaction by the trader known as Oxa14, who strategically withdrew 350.2B PEPE tokens worth $2.92 million from Binance during a market dip.&nbsp;
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 10 hours ago, Smart trader 0xa14 withdrew 350.2B <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$PEPE</a> ($2.92M) from <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Binance</a> at the dip!
 This trader is really good at swing trading <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$PEPE</a>, having earned a cumulative est. profit of $2.59M from the token (win rate: 100%)!
 Current holding: 660B <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$PEPE</a> ($5.74M).
 Follow… <a href="https://t.co/9MTBk1nUxj" rel="noopener noreferrer nofollow">pic.twitter.com/9MTBk1nUxj</a>
 — Spot On Chain (@spotonchain) <a href="https://twitter.com/spotonchain/status/1789139219576672278?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 11, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
This move is part of Oxa14’s successful trading strategy, which has yielded a 100% win rate and an estimated $2.59 million in profits from PEPE trades. Currently, Oxa14 holds 660B PEPE tokens, valued at approximately $5.74 million
This active accumulation and retention suggest that savvy investors anticipate a sustained recovery trend for the <a href="https://coingape.com/price/pepe-coin/" rel="noopener noreferrer nofollow">PEPE price</a>.
Thus, the coin price is likely to break the overhead resistance of $0.00000913. A successful breakout will provide buyers with the next stepping stone to lead a higher rally potential chase of $0.0000108, followed by $0.000012.
<h2 id="span-style-font-weight-400-technical-indicator-span">Technical Indicator</h2>
<ul>
 <li style="font-weight: 400;" aria-level="1">Vortex Indicator: A notable bullish spread when the VI+( blue) slope is above VI- (pink) indicates a recovery trend in active.</li>
 <li style="font-weight: 400;" aria-level="1">Pivot levels: The traditional pivot levels highlight $0.0000113 and $0.000014 as the key resistance zone.</li>
</ul>
The post <a href="https://coingape.com/markets/pepe-coin-price-prediction-whales-buying-0-00001-target/" rel="noopener noreferrer nofollow">Pepe Coin Price Prediction As Whales’ Buying Spree Sets $0.00001 Target in Sight</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

Pepe Coin Price Prediction As Whales’ Buying Spree Sets $0.00001 Target in Sight

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