Pepe prices set to duple as smart money flows

Pepe prices skipped the level of critical resilience this week as the Cripto market recovers. Chain data, smart cash flows and technical signals indicate a potential increase to 0.0070172 dollars.

Pepe Coin (Pepe) He jumped at High 0.0000091777 USD on Wednesday, more than over 75% of its lowest level this year.

The rally coincides with a steady increase in the number of whales holding Pepe over the past few months. According to the Santiment, the number of addresses held between 10 million and 100 million coins increased to 117,000, more than 106,000 1. January.

Similarly, those held between one million and 10 million coins increased to 127,000, compared to 102,000 at the beginning of the year. This growth of whales arrest is significant, especially as it happened during the period when the coin is declining.

Additional data on Santiment show that the balance that keeps whales is significantly this week. Although the number of smart wallets for smart banknotes decreased, their total farms jumped with a 278 billion Pepe on Monday 635 billion. The increase was launched two smart addresses with smart money that collectively bought tokens worth $ 1.3 million.

In CRIPTO, the tracking of whale and smart behavior in power is a widely used form of basic analysis. Nansen defines “Smart Money” as wallets related to highly profitable or influential traders and investors, while the whales holding large positions coins.

Technical analysis of Pepe prices

The daily reveals that the price of the Pepe coin moved from March. This consolidation occurred after the coin fell on the crucial level of support coincided with the lowest point in August last year.

Pepe has now formed a double-bottomed sample, which carefully reminds the letter V. This form has two lower swings and decolts to 0.0000092 dollars, from 26. Marta.

The coin also formed a fallen pattern clinis, a common sign for the reverse century. In addition, the Awesome oscillator has just crossed the zero line and turned green. In November, she crossed this zone, launched a 160% increase in the highest level in November.

Given these signals, coins are likely to be further climbed, with customers who targeted a crucial resistance to 0.00701725 dollars, the highest swing point since May last year. This price price is approximately 100% above current levels.