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- 🎉 Hey Gate Square friends! Non-stop perks and endless excitement—our hottest posting reward events are ongoing now! The more you post, the more you win. Don’t miss your exclusive goodies! 🚀
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Pepe Coin Poised for Massive Rally: Analyst Predicts 40x Surge Despite Whale Sell-Offs
The cryptocurrency market faced another downturn today, and Pepe Coin was no exception. On August 15, its price dropped to $0.00001119, marking a 7.4% loss over the past 24 hours. Despite massive long liquidations and ongoing whale sell-offs, CryptoElites analyst remains surprisingly bullish—forecasting a potential rise to $0.00039.
📈 Key Support as a Launchpad According to CryptoElites, PEPE has maintained a long-term uptrend despite notable volatility. A strong support level has repeatedly served as a turning point in the past. “If history repeats itself, a bounce from this zone could propel the price toward $0.00039,” the analyst stated. Reaching that target would represent a more than 40x increase from current levels. This optimistic view comes despite earlier predictions from some analysts that PEPE could crash to $0.0000070—a scenario likely only if the price falls below $0.000010.
🐋 Whale Selling and Record Long Squeeze Despite the bullish forecast, large holders continue to sell. In just 24 hours, their PEPE balances dropped from 1.09 trillion to 610 billion tokens—a decline of over 400 billion tokens. This sell-off coincided with a record long squeeze—over $6 million worth of long positions were liquidated in a single day. Traders betting on upward movement were forced to close their positions at a loss, further fueling selling pressure.
🔮 What Could Decide the Next Move? The future of Pepe Coin now depends on whether the market stabilizes and whales return to buying. If that happens, the analyst believes $0.00039 remains within reach. Otherwise, the decline may continue.
#PEPE , #pepecoin🐸 , #CryptoMarket , #memecoin , #CryptoNews
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