Bybit Quietly Accumulates PEPE – Is a Price Surge Coming?

Recent blockchain data has revealed that Bybit, one of the leading cryptocurrency exchanges, has been secretly accumulating PEPE through anonymous wallets. This has sparked speculation about a potential price surge for this meme coin in the near future. Bybit Accumulating PEPE – A Sign of a New Trend? On-chain analysis indicates that a wallet linked to Bybit received $1 million USDT, which was immediately used to purchase a large amount of PEPE. Additional wallets followed a similar pattern, reinforcing speculation that institutional investors might be positioning themselves for a major market shift. This trend mirrors historical patterns, where large-scale accumulation often precedes significant price movements for PEPE. Is PEPE Preparing for a New Rally? Recently, PEPE has shown signs of reversal after an extended downtrend. The token hit a temporary low of $0.00000589 before rallying for 10 consecutive days, reaching a high of $0.00000758. Currently, PEPE is trading around $0.000007264. A liquidity sweep occurred, clearing sell orders at lower levels before price reversed upward. Notably, Bybit’s accumulation coincided with this liquidity event, suggesting that the exchange or investors behind these wallets anticipate an upcoming bullish trend. Technical Indicators Support Bullish Momentum Technical indicators suggest that PEPE could continue its upward trend if market sentiment remains positive. The MACD indicator has crossed above the signal line, confirming strong bullish momentum. The expanding histogram reflects increasing buying pressure, a pattern historically associated with sustained price rallies. Key Price Levels to Watch Major resistance levels: $0.00000850 and $0.00001000. If PEPE breaks above these levels, it could surge toward $0.00002834, a long-term liquidity zone. On the downside, failing to hold above $0.00000700 could trigger a pullback to $0.00000670 or $0.00000589, invalidating the bullish thesis. Market Sentiment and Investor Profitability On-chain data shows that 81.85% of investors are currently in profit, while 19.60% are at breakeven. Only 69.49% of holders remain at a loss, indicating that market sentiment leans bullish. Profitable holders typically hold onto their tokens, reinforcing support levels, whereas those at a loss may sell if prices drop further, increasing downward pressure. Will PEPE Continue to Surge or Face a Pullback? Bybit’s continued accumulation of PEPE, combined with bullish technical signals and optimistic market sentiment, is laying the groundwork for a potential price breakout. If PEPE holds above $0.00000700 and breaks past $0.00000850, the price could continue climbing to new highs. However, if PEPE fails to maintain support, a correction toward lower support zones may occur. The meme coin market is highly volatile, with whale activity—like Bybit’s undisclosed purchases—potentially shaping PEPE’s price trajectory. Investors should closely monitor wallet activity and key resistance levels to determine PEPE’s next move. 🚀 #CryptoForBeginners #CryptoInvestingTips #LearnCrypto #BeginnerCryptoGuide #HowToInvestInCrypto