Pepe Coin Price Eyes 1,850% Gains Amid Massive Whale Accumulation After Trump's Election Win
Overview
- Pepe Coin (PEPE) targets a potential 1,850% price surge as whale accumulation accelerates following Donald Trump’s 2024 election victory.
- The price of PEPE has spiked 13% in the past 24 hours, signaling increasing investor interest and potential for a breakout.
Key Details
- Whale Accumulation and PEPE Price Surge: Whale activity in PEPE has surged, particularly after the coin bounced from a key support level. Large transactions with net worths exceeding $1 million have reached two-month highs, signaling a growing interest from major players.
- Rising Market Sentiment: PEPE’s recent price increase is attributed to several factors, including Trump’s election win, Dogecoin’s surge, and the announcement that Robinhood is adding PEPE support. These factors have fueled both whale buying and increased transaction activity.
- On-Chain Metrics: PEPE’s profit-to-loss transaction ratio has risen to 2.88, suggesting that more investors are making profits than incurring losses. Active addresses have also hit a two-week high, further indicating strong market engagement.
Derivative Traders Bullish on PEPE
- Futures Market Trends: Derivative traders are shifting to long positions, with PEPE’s open interest increasing by 2.1% alongside an 11% price surge. This suggests that traders are expecting the price to continue rising in the near future.
Pepe Coin’s Technical Outlook
- Bull Pennant Pattern: PEPE is currently consolidating in a symmetrical triangle, forming a bull pennant pattern. A breakout from this pattern could trigger a 1,850% price rally to $0.00021, with key resistance levels along the way.
- Market Cap Potential: With a current market cap of $3.9 billion, a surge of 1,850% would place PEPE’s market cap at $74.1 billion, aligning with broader market expectations for the 2025 bull run.
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