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PEPE’s 30% Rally at Risk as Whales Return but Conviction Wavers Beincrypto 07 oct. 2024

PEPE’s 30% Rally at Risk as Whales Return but Conviction Wavers 🐋

WHALES PEPE Mean Coin Age

PEPE has seen a 24% price correction and failed to breach a crucial resistance level, but whale activity may drive a rally.

Large transactions have surged, reaching $85 million, indicating potential bullish momentum due to whale confidence in future price recovery.

The Mean Coin Age decline signals that some long-term holders could be selling, affecting PEPE's rally potential.

Currently trading at $0.00001040, PEPE aims to breach $0.00001146, possibly leading to a rise towards $0.00001369, offsetting recent losses.

If PEPE breaks resistance, a 33% rally could occur, restoring market optimism and overcoming a bearish-neutral outlook.

Sursă: beincrypto.com ↗

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