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PEPE potential: How a whale timed the market for maximum gains

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Amid this market downturn, whale found a perfect buying opportunity in Pepe (PEPE) and purchased nearly 120 billion tokens.

PEPE could experience a 40% rally to $0.000021 if it closes a daily candle above the $0.0000090 level.However, this is not the first time that this whale has purchased a significant amount of PEPE. The memecoin experienced a notable price decline on 5th August and 11th August, and on both these occasions the whale bought the dip., on these two occasions, the whale spent a notable total of $3.13 million USDT to purchase 420 billion PEPE tokens.

However, during the price decline, PEPE’s trading volume increased by 50% over the same period. This increase in trading volume suggests higher participation from traders and buyers. According to expert technical analysis, PEPE looks bearish as it fell again below the 200 Exponential Moving Average on a daily time frame.

Meanwhile, if fear continues to dominate the market, there is also a chance that PEPE could fall another 25% in the coming days.As of now, the major liquidation levels are near $0.00000767 on the lower side and $0.00000828 on the upper side.

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