PEPE Coin Headed for a 38% Spike? Whale Activity Increases!

Jakarta, Pintu News – Increased whale activity on Pepe Coin indicates a potential significant price spike or a possible correction.

Whale’s Surge of Interest in PEPE

The latest data from IntoTheBlock shows a huge spike in transactions on Pepe Coin (PEPE), signaling an increase in major investor confidence in the coin. Transactions with values between $1 million and $10 million increased by 750%. Meanwhile, transactions ranging from $100,000 to $1 million also saw an increase of 177.94%, and transactions between $10,000 to $100,000 rose by 173.93%.

This increase in whale participation indicates a growing interest and confidence in the potential price increase of Pepe Coin (PEPE). This suggests that large investors may be betting on the continuation of the positive momentum of thisecoin.

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Traders Start Betting Big on PEPE

Aside from whale interest, traders are also starting to show their optimism towards Pepe Coin (PEPE). A crypto whale, tracked by Lookonchain, recently switched his position from TRUMP Coin to Pepe Coin (PEPE) with 10x leverage. This whale now has an unrealized profit of $81,000. This change reflects the growing bullish sentiment around Pepe Coin (PEPE), with traders and investors confident of continued upward price momentum.

Technical Analysis and Price Action of PEPE

Based on technical analysis from AMBCrypto, Pepe Coin (PEPE) appears bullish and is attempting to break the key resistance level at $0.000015. The daily chart shows that when this memecoin reached that level earlier, there was selling pressure followed by downward momentum.

However, this time, the sentiment looks much stronger with increased whale interest. If Pepe Coin (PEPE) manages to break the resistance and close the daily candle above $0.0000155, it has a potential upside of 38%, with the next resistance target at $0.00002140. Currently, Pepe Coin’s (PEPE) Relative Strength Index (RSI) is at 85.40, which indicates an extreme overbought zone and indicates a possible price correction in the coming days.

Conclusion

With increased whale activity and bullish sentiment from traders, Pepe Coin (PEPE) is showing potential that cannot be ignored. While there is a possibility of a correction, the opportunity for a price increase seems to be more dominant. Investors and market watchers will continue to monitor these dynamics to make informed investment decisions.

Also Read: New York Mayor Appoints Crypto Advisor After Corruption Case Dropped

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• AMB Crypto. Pepe Whales Bet Big, Is It Headed for a 38% Rally? Metrics Reveal. Accessed on May 13, 2025
• Featured Image: Generated by AI