PEPE increased by 55%: Is the Whale trapping investors?

* The RSI of PEPE reached 83 as buyers dominate, raising concerns about volatility and the potential exhaustion of the trend.

• The "whales" have accumulated 21.18 trillion PEPE, reflecting historical buying zones that often lead to significant corrections.

Amid the cryptocurrency frenzy, PEPE [PEPE] recorded four consecutive days of increase. From a local low of 0.0000075 USD, it has risen to a four-month high of 0.0000139 USD.

At the time of the press, it was trading at 0.0000132 USD—up 55.82% this week, although it has decreased by 2.05% in the past 24 hours. This indicates strong demand, but there are signs that this trend may not last long.

The recent price increase indicates strong demand with buyers dominating the market.

This buying pressure is increasingly overwhelming for the major holders of PEPE. As a result, the "whales" have purchased 21.18 trillion tokens in just 24 hours.

Déjà vu or a warning sign? The market has experienced this before

The strong buying pressure from the "Whales" PEPE had occurred in November 2024 and January 2025.

Source: IntoTheBlock

This buying surge has pushed the RSI index up to 83, entering the overbought zone. The last time the RSI exceeded 80, PEPE reached an all-time high—only to crash shortly thereafter.

History shows that when buying activity increases like in recent times, it often leads to price corrections when buyers get fatigued and sellers step in to take profits.

For example, in 2024, when the RSI reaches 88, PEPE rises to 0.00002525 USD by the end of November. When it hits 80, the price skyrockets to an all-time high in December.

After this price increase, memecoin has dropped significantly to 0.0000052 USD.

Source: TradingView

If history repeats itself, this buying spree could be the beginning of another strong correction.

What does the PEPE chart indicate?

According to analysis by TinTucBitcoin, with RSI reaching a level related to correction, signs of a correction have been awaiting in recent days.

As mentioned, memecoin has decreased over the past day, not following the trend of the past four days.

However, the market shows no signs of slowing down. The Trading Flow Balance of PEPE is -35.8 billion, indicating more withdrawals than deposits. This is often a positive signal, as it shows that traders are holding, not selling.

Source: Santiment

The continuous accumulation indicates that investors remain optimistic and see future potential with memecoin.

What will the future of memecoin look like?

PEPE is still in a strong downtrend at this moment, confirmed by the rising DMI indicator. Considering the Directional Momentum, PEPE is experiencing strong momentum with +DI at 46 and -DI at 25.

This momentum indicates that the current trend is likely to continue.

If the trend continues, Pepe will recover the losses recorded on the daily chart and attempt to move towards 0.000014 USD. If it surpasses this level, the next notable resistance threshold is 0.000016 USD.

However, if the RSI increase and buying lead to a repeat of history, PEPE will return to the level of 0.0000107 USD.

Thank you for reading this article!

Please Like, Comment and Follow TinTucBitcoin to always stay updated with the latest news about the cryptocurrency market and not miss any important information!