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Investors question the motives of large-scale investors as PEPE token spikes by 55% over a four-day period, sparking concerns of a potential trap.

Pepe's value skyrocketed by an impressive 178% within the past 4 days, with major players (Pepe whales) acquiring a significant 21 million tokens, thereby consolidating their control over the market.

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Pepe's value has skyrocketed by an impressive 178% over the course of the past four days. Major...
Pepe's value has skyrocketed by an impressive 178% over the course of the past four days. Major players in the market, known as Pepe whales, have seized control, amassing a significant 21 million tokens.

Investors question the motives of large-scale investors as PEPE token spikes by 55% over a four-day period, sparking concerns of a potential trap.

Pepe's Red Flags Raise as RSI Climbs and Whales Accumulate

Hey there, crypto enthusiasts! Here's a sneaky peek at what's cooking with the memecoin, Pepe [PEPE].

Over the past four days, PEPE has been on a bit of a rollercoaster ride, surging from a local low of $0.0000075 to a 4-month high of $0.0000139. At the moment, it's trading at $0.0000132, up an impressive 55.82% this week, despite a 2.05% dip in the last 24 hours.

But, there's a catch here. This continuous uptrend could be a sign of things to come, but not necessarily a good one.

Whales, RSI, and potential doom

The recent buyers' dominance has been particularly noticeable among PEPE's large holders, with whales buying a whopping 21.18 trillion tokens in just 24 hours.

That's got some red flags waving, as this level of buying pressure was last seen in November 2024 and January 2025, as our data reveals. And we all remember what happened next, right?

The Relative Strength Index (RSI) is another worry, with it currently sitting at 83, deep in overbought territory. In the past, when RSI climbed above 80, PEPE often hit record highs, only to crash shortly after.

History tends to repeat itself, and if that's the case, this spell of buying could indicate another sharp correction on the horizon.

PEPE's wild ride

According to our analysis, we've spotted signs of a potential pullback over the past day. Despite this, the market isn't showing signs of crumbling just yet. PEPE's Exchange Flow Balance shows more withdrawals than deposits, which is typically a bullish sign. It suggests that traders are holding, not selling.

The continuous accumulation indicates that investors are still bullish and see future potential with the memecoin.

What's next for the memecoin?

At the present moment, PEPE is in a strong downtrend, as confirmed by rising DMI. The Directional Momentum suggests a potential continuation of the current trend, with PEPE experiencing strong upward momentum.

If things keep going as they are, we could see PEPE attempting to cover the losses recorded on daily charts and aim for $0.000014. If it manages to breach this level, the next significant resistance could be $0.000016.

But, if the surge in RSI and buying spree leads to history repeating itself, we might see PEPE retracing to $0.0000107.

So, keep an eye on Pepe, folks. With whales on a buying spree and RSI levels at an all-time high, it could be a bumpy ride!

P.S. - Don't forget to take our survey and win $500 USDT. What's the story behind Floki's rally? Is it built on solid demand, or is it all hype? Find out here.

  1. Whales have aggressively bought 21.18 trillion PEPE tokens in a day, a trend last seen in November 2024 and January 2025, raising concerns as this level of buying pressure often preceded a correction.
  2. The Relative Strength Index (RSI) for PEPE is currently at 83, which is deep in overbought territory, and in the past, when RSI climbed above 80, PEPE tended to hit record highs, followed by a sharp correction.
  3. Despite this, Pepe's Exchange Flow Balance shows more withdrawals than deposits, indicating that traders are holding onto their tokens instead of selling, showing continued bullish sentiment.
  4. If the current trend continues, Pepe could attempt to cover its losses and reach $0.000014, with $0.000016 as the next significant resistance. However, if history repeats itself, we might see Pepe retracing to $0.0000107 due to the rising RSI and whale accumulation.
  5. Given Pepe's recent volatile behavior, the memecoin could be heading for another speculative swing, making it crucial for investors to closely monitor the situation.

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