Three PEPE Whales Make Massive Purchases
Three whale wallets have purchased a total of 689.79 billion PEPE tokens worth $4.3 million through TornadoCash, indicating strong confidence in the token’s potential rebound.
- Whale Wallet Purchases:
- 0x7A7D: $2.72 million (437.7 billion PEPE)
- 0x9212: $1 million (158.58 billion PEPE)
- 0x7779: $574,000 (93.51 billion PEPE)
These purchases reflect significant buying pressure, potentially pushing prices upward by reducing supply. The TD Sequential indicator on the daily chart has flashed a buy signal, noting a close at $0.00000597, which is a 4.74% increase.
Price Dynamics
A low of $0.00000525 indicates exhaustion, while bullish sentiment may drive the price to $0.00000620, with key breakout levels set at $0.00000640–$0.00000660. Conversely, rejection might lead to consolidation between $0.00000540 and $0.00000580, with any drop below $0.00000525 negating the positive outlook.
Transaction Trends
Trade activity has been decreasing, with a recent low of 122 trades signaling reduced engagement. To maintain upward momentum, transactions should remain above 200, else a decline below this could lead to bearish signals.
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