PEPE Shows Bullish Signs Amid Whale Activity
Key Takeaways
- A major investor (whale) has withdrawn 492 billion PEPE tokens worth 3.74 million USD from Binance.
- Technical analysis indicates a bullish pattern: the inverse head and shoulders formation.
- On-chain data suggests a potential trend reversal, despite many investors currently being at a loss.
- A rise in the NVT ratio could signal an accumulation phase.
Whale Activity as a Signal for Price Increase
A single whale recently withdrew 492 billion PEPE tokens from the crypto exchange Binance, equivalent to approximately 3.74 million USD. Such movements often indicate long-term confidence—especially when tokens are transferred to a private wallet. This action could be a precursor to an upcoming price increase.
Technical Analysis: Bullish Pattern Emerging
On the daily chart, PEPE is currently forming a classic technical pattern: the inverse head and shoulders formation. This pattern is considered a signal for a potential upward trend reversal. The formation lies just below a descending trendline—an upward breakout could be imminent. The next significant resistance level is at 0.00000884 USD. A breakout above this level could push the price toward 0.00001146 USD. If the breakout fails, a fallback to the support zone at 0.00000565 USD is possible.
On-Chain Data: Majority of Investors at a Loss
According to data analysis, approximately 63% of PEPE holders are currently at a loss. About 19% are in profit, while 17% are at breakeven. This distribution could lead to selling pressure as prices rise, with many investors aiming to offset losses. At the same time, this selling pressure could be offset by new demand and additional whale purchases—which in turn could support the price.
NVT Ratio Rises Significantly
The NVT ratio (Network Value to Transactions) measures the ratio of market capitalization to transaction volume. A current value of 321.77 indicates that the network’s market value is significantly higher than its transaction volume. This could suggest overvaluation—or an accumulation phase, where investors are building positions and trading less. The latter, in combination with whale purchases, could be a potential indicator of upcoming price gains.
Our Assessment
PEPE is showing several signs of a potential upward trend reversal. The combination of whale activity, a bullish chart pattern, and a rising NVT ratio points to growing market optimism. However, some risk remains—especially if the price fails to sustainably break through the resistance at 0.00000884 USD. Those observing or invested in PEPE should monitor the coming days closely. A confirmed breakout could bring new momentum to the price.
Sources
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