Pepe Coin Whale Sells 350B Coins, What's Next for PEPE Price?

Pepe coin’s recent price movements indicate a potential recovery, igniting optimism among traders. With Pepe crypto price climbing past a descending trendline, the price of Pepe has reversed its bearish trend, closing above $0.00002103. Increased trading activity has further solidified this breakout, reflecting growing faith in Pepe’s potential. As of now, Pepe price today is trading near $0.00002150, eyeing the next resistance at $0.00002200.

Read Detailed Pepe Price Prediction and it's Next Move
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If Pepe crypto maintains its upward momentum, the Pepe price prediction 2024 suggests that the token may aim for $0.00002500 and potentially hit $0.00003000. This psychological benchmark would signify a robust rebound from its previous all-time high. However, traders should monitor volume levels closely. A lack of sustained volume may cause the Pepe coin price to consolidate instead of surging further.

On the downside, support lies at $0.00001793, a critical level that previously served as resistance. If this support fails, the next cushion is at $0.00001398, aligned with the 50 EMA, offering a solid base for long-term bullish momentum.

Adding intrigue to the Pepe price prediction narrative, a whale recently sold 356.2 billion tokens, raising $7.3 million. While this might indicate caution among large holders, market sentiment remains optimistic, especially in light of a bullish Q4 and supportive political developments. Pepe price now seems poised for a promising 2024 trajectory.