news 
PEPE Price Prediction for December 28: Rally Imminent?
Amid ongoing uncertainty in the cryptocurrency market, Pepe (PEPE), the world’s third-largest crypto meme coin, has garnered significant attention from whales and traders. As of today, December 27, PEPE is struggling alongside other major assets like Bitcoin, Ethereum, Solana, and other cryptocurrencies.
Despite this struggle, a significant whale transaction has emerged, signifying potential buying pressure. A recent tweet by Lookonchain revealed that a crypto whale, who had previously sold all their PEPE holdings for a profit of $11.7 million, has repurchased 1.42 trillion PEPE worth $24.5 million amid the market decline.
This substantial meme coin transaction could potentially be a catalyst for future price action. Additionally, PEPE’s current trading volume has decreased by a modest 3.2% over the past day, suggesting reduced participation from traders and investors due to shifting sentiment in the market.
Technical Analysis
From a technical perspective, PEPE has been consolidating within a tight range between $0.0000167 and $0.0000195 over the past ten days. A breakout above this consolidation zone could propel PEPE significantly.
Source: coinpedia.org
