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Whale’s $2.62M PEPE Buy Signals Big Moves, Is a Trend Shift Coming?

Whale’s $2.62M PEPE Buy Signals Big Moves, Is a Trend Shift Coming?

CryptoFrontNews2025/02/06 16:00
By: Alexis Harper
PEPE10.00%D-1.96%PEPE-1.62%
A whale’s $PEPE buy signals strong confidence, holding 1.404T tokens with a 328% profit—big moves shape market trends. PEPE nears a multi-month support level; if held, it could spark accumulation and bullish momentum. Traders eye key Fibonacci levels. RSI at 29.54 signals oversold conditions, while a descending trendline caps price action. A breakout may confirm a bullish reversal.
  • A whale’s $PEPE buy signals strong confidence, holding 1.404T tokens with a 328% profit—big moves shape market trends.
  • PEPE nears a multi-month support level; if held, it could spark accumulation and bullish momentum. Traders eye key Fibonacci levels.
  • RSI at 29.54 signals oversold conditions, while a descending trendline caps price action. A breakout may confirm a bullish reversal.

Massive $PEPE accumulations are shaking the market. A smart whale , identified as “0xe7d,” recently spent 974.642 ETH to buy 280.85 billion $PEPE, totaling $2.62 million. This whale now holds a 1.404 trillion $PEPE, amounting to $13.2 million, with a massive profit of $13.75 million, marking a 328% gain.

Key Support Zone Holds Critical Market Significance

$PEPE is currently trading near a multi-month support zone. This region plays a crucial role in determining the next market direction. If the price holds at this level, it could become a prime accumulation zone for investors . Many traders are eyeing this level as a potential buy opportunity, with some planning to Dollar-Cost Average (DCA) into positions.

Whale’s $2.62M PEPE Buy Signals Big Moves, Is a Trend Shift Coming? image 0 Source: Chill Trader

Moreover, Fibonacci retracement levels provide key insights. Resistance levels are positioned at 38.2% (0.00001583), 50% (0.00001823), and 61.8% (0.00002062). These levels could act as barriers to upward price movement. The highest Fibonacci extension level, 127.2% (0.00003391), remains a long-term target for bullish traders.

Price Action and Market Indicators

The price recently dropped into a critical “Spot Buy Zone,” aligning with past consolidation areas. Below this zone, a secondary “Safer Entry” level provides additional support. If further declines occur, the price could enter the “Bullish Order Block” between 0.00000519 and 0.00000414. Historically, this area has supported bullish movements.

A descending trendline continues to act as a dynamic resistance. Breaking above this trendline could confirm a bullish reversal. Meanwhile, current market sentiment remains bearish . The price sits at 0.00001020, marking a 5.20% decline. Trading volume stands at 29.64 trillion PEPE, reflecting ongoing market activity.

Whale’s $2.62M PEPE Buy Signals Big Moves, Is a Trend Shift Coming? image 1 Source: Tradingview

Technical indicators support the bearish trend. The Relative Strength Index (RSI) stands at 29.54, placing it in the oversold zone. The Accumulation/Distribution (A/D) indicator reads 960.13 trillion, showing capital inflows and outflows.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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