#PEPEBrokeThroughDowntrendLine
Pepe (PEPE) has broken through its downline trend, and it's making waves in the crypto market! 🚀 The coin's price surged by 30.6% in 24 hours, reaching $0.000004966, with trading volume exploding to $828.65 million. This breakout is fueled by strong buying pressure, with whales accumulating trillions of PEPE tokens.
*Key Factors Driving the Breakout:*
- *Whale Accumulation*: Top 100 wallets have bought 23.02 trillion PEPE tokens over four months, indicating a strong accumulation phase.
- *Technical Breakout*: PEPE has surpassed the 200-day Exponential Moving Average (EMA) and the 61.80% Fibonacci level, signaling a potential reversal.
- *Market Sentiment*: Social sentiment is bullish, with a dramatic spike in tweets and a sentiment ratio of 80.95% positive ¹ ².
*Next Price Targets:*
- $0.00002649 (100% Fibonacci level)
- $0.00003864 (based on the rounding bottom pattern)
