Crypto Next World Crypto Free Tips & News Update.
Bears have dominated the cryptocurrency market for the past week, and Bitcoin Key Stuck Below $95K,
Meanwhile, blockchain development reveals promising trends for selected projects.
Blockchain data shows that crypto whales are using the PEPE token, with substantial withdrawals and purchases seen in the last 24 hours.
Whale activities are strategic during bearish prices as they signal a dip buying strategy, in which players capitalize on discounted prices.
Large-scale investors often buy assets with strong prospects because they have early access to market-moving news.
Race to buy whales on PEPE
Spot on Chain highlighted two whales transferring PEPE assets.
A new large-scale investor withdrew 5 billion PEPE worth approximately $280 million from Binance this morning.
More details show that the trader acquired $1.54 million (47.4 million tokens) worth of JASMY tokens yesterday, Sunday.
Meanwhile, another whale took a different approach.
While “0x8f5” spent nearly $5 million to buy PEPE directly from Binance, whale “0xb1a” swapped 3.72 million USD coins for Pepe coins.
Investors have been actively buying altcoins after the latest price drop.
This signals their confidence in PEPE’s rally, and the trends have fueled speculation about a potential bounce-back for the meme token.
Current Price Action of PEPE
The frog-themed token traded at $0.0000169 after losing nearly 20% of its value within the past seven days.
PEPE is down 4.90% in the last 24 hours, and increasing selling pressure signals more pain.
Altcoin prices do not reflect mass investor optimism as much as it reflects the prevailing broader market bearishness.
still, coinglass data Shows some hope.
Open interest of PEPE has increased by 2.35% to more than 452.42 million.
This indicates improved strength and sentiment behind Pepe Coin’s price movements.
Nonetheless, with volatility above 10% and a decline in the Fear and Greed Index, prevailing sentiments point bearish.
pepe price prediction
Broader market sentiments remain important to the trajectory of PEPE.
The cryptocurrency is looking bearish as Bitcoin bulls fail to sustain above $100K.
However, bullish prospects are emerging ahead of the US presidential inauguration.
Markets are awaiting first-of-its-kind pro-crypto leadership under Donald Trump.
Popular analyst Ali Chart highlighted a significant bounce-back for Pepe Coin.
$PEPE Ready for a massive rebound!
He noted that the altcoin declined by 24% after printing a TD sequential sell signal on its 12H chart on January 4.
However, the prevailing view reflects a change in trajectory.
The indicator has displayed a buy signal, suggesting an imminent bounce-back for the altcoin.
These trends could see PEPE trading at $0.00001850, up more than 8% from its current price.
The extended recovery will push the meme token to $0.0000190.
Broad-based rallies at this level will catalyze a strong uptrend to historical peaks.
Ongoing whale interest supports anticipated PEPE recovery.
Post PEPE Price Prediction: Whales Accumulate Over 480B Tokens After Recent Drop first appeared on Invez