$PEPE Price Alert 🚨 Whales Accumulation Underway – What’s Next?
$PEPE has emerged as one of the top performers in the market, experiencing a 15% increase according to CoinMarketCap. This upward movement has allowed the meme coin to break through a descending trendline. Currently, PEPE is trading above both the 50-day SMA ($0.000001134) and 200-day SMA ($0.000001146), signaling a positive market outlook.
Potential Upside Movement
If PEPE successfully converts these moving averages into support levels, it could propel the price toward the $0.000013 range in the next few days. Analysts from Pump Truck project that the Pepe token could see significant growth, potentially reaching $0.000080316 in the coming months.
Technical Indicators and Market Sentiment
The 14-day Relative Strength Index (RSI) for $PEPE has been steadily climbing and is now positioned in the buying territory, which is considered a bullish indicator. Additionally, the Stochastic RSI (14) supports this positive trend, further reinforcing a potential upward movement.
Whale Accumulation
Data from Lookonchain reveals that whales are currently accumulating $PEPE, indicating strong interest from significant market players. This trend could signal further bullish momentum for the token in the near future.
