PEPE Trading Volume Triples as Whales Accumulate, Price Near Breakout
The token's price increased from $0.000009138, reaching a resistance level at $0.000009681 before stabilizing near $0.000009600.
Volume Surge and Whale Activity
- Daily trading volume surged to 5.61 trillion tokens, nearly tripling the 30-day average of 1.89 trillion.
- Whale accumulation contributed to this surge, with top Ethereum addresses increasing their PEPE holdings by 3.4% over the past month.
- Exchange wallets saw a 2% decrease, suggesting coins are moving to long-term storage.
- Open interest in PEPE futures has risen to approximately $639 million.
PEPE Price Analysis: Symmetrical Triangle Near Breakout
- PEPE is consolidating within a symmetrical triangle, poised for a potential breakout.
- A breakout above $0.000009681 could lead to gains towards the $0.00002500–$0.00003000 range.
- Projected rally could reach as high as $0.00004061, implying over 400% upside.
- If support around $0.00000900 fails, there is a risk of a breakdown.
RSI is at 47.16, indicating neutral momentum. The MACD is flat near zero, showing undecided momentum.
PEPENODE Presale Raises $1.6 Million
- PEPENODE offers a novel approach to crypto mining without the need for expensive hardware or technical skills.
- The presale has raised over $1.61 million.
- PEPENODE uses deflationary mechanics, burning about 70% of tokens used for node purchases and upgrades to reduce supply.
- The token is ERC-20 compatible, offering staking rewards up to 809% for early backers.
