Summary
TLDR: Pepe (PEPE) price reached an all-time high last month and has since seen corrections. Whale investors are now buying more tokens, indicating a potential new ATH. Retail investors are holding onto their tokens, suggesting bullish sentiment. Price is currently in a descending wedge pattern, with a potential 60% increase if it breaks out. If the price falls below a certain support level, the bullish thesis will be invalidated.
Key Points
1. Pepe (PEPE) price reached an all-time high last month, followed by a correction phase.
2. Whale investors in Pepe have been accumulating more tokens, indicating bullish sentiment and potential for price increase.
3. The price prediction for Pepe suggests a potential 60% increase, with a target set above the breakout point after a potential upward breakout.