PEPE Price Watch: Can Whale Accumulation Lead to a Breakout Above $0.000010?
PEPE Price Surge Imminent? The meme coin market has seen significant volatility in Q1 2025, with meme coins like PEPE experiencing a notable downturn. Currently priced at $0.0000072, PEPE has dropped 15% in the past week and is facing further pressure. Analysts are observing the potential for the price to test $0.0000050 if the bearish trend persists. However, the market sentiment remains mixed as whales continue to accumulate a substantial amount of PEPE tokens, signaling potential for a rally.
PEPE Whale Accumulation Hits 22 Trillion Tokens in Q1 2025
Despite the recent sell-off by a long-term whale who sold 68.76 billion PEPE tokens for 271.33 ETH (around $509.5k), the balance held by PEPE whales has risen significantly. Data from IntoTheBlock shows that holdings increased from 337.75 trillion PEPE to 350.16 trillion PEPE in Q1 2025. Notably, 22 trillion PEPE tokens were added to wallets ranging from 100 billion to 10 trillion PEPE during the past three months. This accumulation indicates a continued bullish sentiment among large investors.
Technical Analysis Points to Breakout Potential
Despite the downward trend, technical indicators suggest that PEPE could be poised for a breakout. Analysts note that PEPE is forming a falling channel pattern on the daily chart, which may signal a 150% rally if the price breaks above the 50-day moving average. Crypto analyst Jonathan Carter forecasts that PEPE could target $0.0000093 in the short term, with a potential longer-term price target of $0.000021.
As PEPE whales continue to accumulate, and with a possible breakout on the horizon, the meme coin’s future remains uncertain but filled with opportunity for traders who keep an eye on price movements and market dynamics.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
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