Pepe Price Analysis: Optimistic Whales Expect 25% Surge

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As I’ve seen Bitcoin (BTC) dip below the $93,000 threshold, the overall market vibe is becoming increasingly bearish. In these challenging circumstances, the total value of meme coins has plummeted to approximately $97.43 billion. The 24-hour trading volume stands at around $35.70 billion, and the coin’s 24-hour volatility is about 2.5%. With a market capitalization of $1.82 trillion, Bitcoin continues to dominate the crypto landscape.

Dogecoin, represented by DOGE and currently valued at around $0.32, has seen a nearly 3% decrease in the past 24 hours. Meanwhile, Pepe, denoted by PEPE, is also down by approximately 4.21%, with its 24-hour volatility standing at 6.3%. Despite this, Pepe continues to maintain a market cap of roughly $7 billion, but its 7-day return indicates a significant drop of 18.15%.

PEPE Price Analysis

On a 4-hour scale, the downward trajectory of Pepe’s value is approaching a significant support area near $0.00001670, which corresponds to the 23.60% Fibonacci level. Previously, attempts to increase Pepe’s price were rejected at the 38.20% Fibonacci level and the token has been experiencing resistance from the 20-Exponential Moving Average (EMA) line.

This ends a downward pattern inside the consolidation phase, implying a possible bearish collapse. Yet, the bullish discrepancy seen on the 4-hour RSI graph might indicate a potential reversal of the trend at a double bottom.

Because of the ongoing downtrend, the moving average lines on the 4-hour chart now indicate a bearish position. This means that these averages are suggesting to sell, even though the Relative Strength Index (RSI) line hints at an uptrend possibility.

PEPE Price Target

According to Fibonacci analysis, surpassing the 38.20% Fibonacci resistance could signal a good chance for buying Pepe. If this breakout occurs, the rally might revisit the significant support area at $0.00002120 which is equivalent to the 61.80% Fibonacci level.

Conversely, if the market closes in a downtrend below the vital support area at the 23.60% Fibonacci level, it may test the $0.000014412 price point again.

Declining Network Warns Rising FUD

Over the last three months, I’ve observed a substantial decrease in the volume of substantial transactions on the Pepe platform. The highest recorded transactions were around 3,080 on November 13, but as of January 12, we’re down to just 138.

This represents a substantial decrease of approximately 95.52%. Moreover, since the beginning of 2025, we’ve seen a drastic drop in large transactions from 815 to 138. This equates to a reduction of around 83.09% in 2025.

Less activity on the network hints at decreasing interest in Pepe as the market becomes increasingly bearish. This could signal an increase in fear, uncertainty, and doubt (FUD).

Whales Continue to Support PEPE

Regardless of Pepe’s drop in value during the last week and the potential for a breakdown rally, large investors appear to be quite optimistic. In fact, within the last day, two substantial investors have increased their holdings in this meme token substantially.

Whales are accumulating $PEPE!

1/ Yesterday, a whale identified as “0x8f5” amassed approximately 47.4 million JASMY tokens (worth around $1.54 million). Just four hours ago, this same whale withdrew about 280 billion PEPE tokens ($5 million) from Binance.

As a crypto investor, I recently noticed that the whale identified as “0xb1a” invested approximately 3.72 million US Dollars Coin (USDC) in PEPE tokens about half an hour ago, purchasing around 200.4 billion PEPE. However, it’s worth mentioning that this same whale has historically experienced losses…

— Spot On Chain (@spotonchain) January 13, 2025

0x8f5, a freshly identified whale, has recently withdrawn approximately 280 billion Pepe tokens, valued at around $5 million. Prior to this withdrawal from Binance, the whale had amassed roughly 47.4 million JASMY tokens, equivalent to about $1.54 million, over a period of one day.

In much the same way, a significant investor, identified as 0xb1a, has recently invested approximately 3.72 million USDC (valued at around 3.72 million USD) into an asset known as Pepe, with a market capitalization of $45.72 billion and a 24-hour trading volume of $6.39 billion. Interestingly, this investor has a track record of incurring losses in Pepe, with the latest loss estimated at around $1.45 million. Despite this history, they seem to be bullish on Pepe, having amassed 200.4 billion units of this asset.

Conclusion

In simpler terms, the digital currency known as Pepe is currently grappling with decreasing user engagement and negative market sentiment, but the accumulation of large investors (whales) gives reason for optimism about a possible recovery. If Pepe manages to surge above $0.00001670, it could indicate a shift in bullish trends, while falling short in maintaining crucial support levels might lead to more price drops. The upcoming days will play a crucial role in determining the next direction for Pepe’s price movement.

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2025-01-13 14:07