PEPE Price Prediction: Bulls Eye a Fresh Rally as Momentum Builds

• Whale selling and weakening momentum keep near-term price action under pressure.
• A break above $0.00000364 could open a path toward $0.00000442.
• Losing $0.00000313 could expose PEPE to deeper support near $0.00000230.

PepeCoin — PEPE, is trying to regain momentum after facing rejection near a crucial resistance level. The meme coin trades around $0.00000348 following recent selling pressure. Whale activity also raises concerns as larger holders continue reducing their positions. Meanwhile, derivatives data offers mixed signals about the next major move. Bulls still have room to recover if buying pressure returns. However, weakening momentum indicators could expose PEPE to another decline before any sustained rally.

Whale Selling Creates Headwinds for PEPE

Santiment data shows notable changes among PEPE's largest wallet groups. Wallets holding between 10 million and 100 million PEPE have reduced exposure recently. These whales have sold roughly 80 billion tokens since August 25. Their selling activity suggests some large holders are securing profits after August's gains. Smaller wallets have moved in the opposite direction during the same period. Wallets holding between 1 million and 10 million tokens accumulated 5.06 billion PEPE.

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