A smart investor has made a substantial investment today in one of the popular meme coins, PEPE. According to a tweet by Lookonchain, a blockchain analytics platform, the investor spent 1.26 million USDC to acquire 142.96 billion PEPE tokens at a price of $0.000008831 per token.
This smart money investor has demonstrated a remarkable track record in trading PEPE, with a win rate of 85.7% over the past six months. Out of the seven trades executed during this period, six were profitable, resulting in a total profit of $915,000.
What you'll learn 👉
Technical Analysis Reveals Bull Flag Pattern and 500% Upside Potential
Crypto Patel, a prominent technical analyst, has identified a bullish chart pattern for PEPE, suggesting a potential 500% upside. The chart analysis reveals a bull flag pattern, with a breakout confirmed at $0.00000775. A retest of the breakout level is expected at $0.00000750 before the token potentially continues its upward trajectory.
The bull flag pattern is a continuation pattern that appears after a strong upward move, followed by a consolidation period. If the pattern plays out as expected, PEPE could target a price of $0.000047, representing a 500% increase from its current levels.
However, investors should be aware of the risks associated with this trade. Crypto Patel advises setting a stop loss if the high timeframe (HTF) candle closes below the flag channel, as this would invalidate the bullish pattern.
Milei Moneda is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president known for his libertarian and pro-Bitcoin stance. You have an opportunity with the ongoing low presale price to get in early!
Sponsored
Show more +PEPE’s Impressive Growth and Potential Risks
PEPE has experienced growth of 1,650% over the past seven months. However, this rapid price appreciation also comes with heightened risks, particularly for those considering fresh investments.
The recent investment of $1.26 million by a smart money player in Pepe (PEPE) tokens, coupled with the identified bull flag pattern, suggests a potential opportunity for substantial gains.
Hunting for a small cap coin that could explode 10x? We’ve unveiled a few last week alone.
Get all our future calls by joining our FREE Telegram community.
Check $RECQ Meme Coin
ICO stage, offering tokens at a discounted price
Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions.
Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade,
Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.