The cryptocurrency market has gradually recovered from the turbulent period, with PEPE showing signs of improvement. With investors’ interest returning, whales increasing activity, and the formation of an uptrend pattern, PEPE price has surged by 7.77% in the past 24 hours, outperforming many competitors. Analysts believe this is just the beginning of a 215% bullish rally. With the rise in Bitcoin price and new investors entering the cryptocurrency market, including PEPE, momentum has picked up. Whales have once again turned to buying this meme coin, with three large whales acquiring a total of 689.79 million PEPE tokens (equivalent to $4.3 million), driving up the price. Currently, PEPE is trading at $0.000006349, marking a 19.5% increase from its recent low of $0.000005326, with its market cap reaching $2.67 billion. However, the price still remains below its 200-day moving average, with analysts considering $0.0000062 as a key support level. Maintaining this level could signal the beginning of an uptrend. In the short term, PEPE may undergo corrections to test lower support levels, but with increasing buying pressure and trend changes, there is potential for price growth towards the $0.000012 resistance and then moving to the next phase (200% to 300% increase). If this trend continues, PEPE price could reach $0.00002 (215% growth). However, the realization of these predictions will depend on high trading volume and positive investor sentiment.
