Pepe (PEPE), the third-largest crypto meme coin, is defying market trends and gaining attention as it outperforms major cryptocurrencies. The coin has seen a modest price surge of over 3.50% in the past 24 hours and an increase in trading volume. Pepe has reached a crucial level of $0.00002750, which could determine its future trajectory. Technical analysis suggests a potential 30% increase if Pepe closes above this level. On the other hand, if it fails to hold above $0.000024, this bullish thesis may be invalidated. On-chain analytics indicate that whales and investors are dumping their holdings, leading to significant outflows from exchanges.
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