PEPE tests key support, whales scoop $3M – Is a 12% rally next?
2025-07-04 08:44:55
Main Idea
PEPE's recent price rally is supported by whale accumulation and strong holder conviction, with potential for further gains if key support levels hold.
Key Points
1. PEPE gained 9.9% in 24 hours, driven by large entity accumulation, with $3M worth of tokens purchased, including $1.3M by Morpho.
2. PEPE's holder count reached an all-time high of 455,670, indicating growing investor interest.
3. PEPE is testing a critical support zone at $0.00001024; holding this level could lead to a 12% rally to $0.00001157, with further upside to $0.00001339 possible.
4. Liquidation heatmaps show key levels at $0.0000099 (bearish) and $0.00001114 (bullish), with sustained volume needed for confirmation of a breakout.
5. The Bull Bear Power (BBP) indicator suggests strong buying activity, increasing the likelihood of a breakout above $0.00001157.
Description
PEPE's recent upward movement is supported by several bullish factors.
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