The price of Pepe coin has recently dropped by 27%, but ongoing whale activity and exchange supply may contribute to a potential increase. Data shows that the coin's supply on exchanges has decreased slightly, with most of the coins held on Binance, Bybit, OKX, Crypto.com, and Robinhood. On-chain data reveals that whales are continuing to buy Pepe, with one whale purchasing coins worth over $2.7 million and another moving almost $1 million from Binance. The substantial volume of Pepe compared to other meme coins is also a potential catalyst for price growth. Technically, Pepe has completed a break and retest pattern, indicating a bullish continuation pattern. The next price forecast for Pepe is estimated to be 45% higher than the current level. Additionally, the formation of a falling wedge chart pattern and a small morning star suggests a potential bullish breakout in the coming weeks. The initial target for the breakout will be the year-to-date high of $0.000025, followed by $0.0000172.



Other News from Today