The post PEPE whales buying at previous levels: If history repeats itself… appeared on BitcoinEthereumNews.com.

Journalist Posted: February 25, 2025 PEPE has dropped back to its November 2024 price levels, now trading at $0.000009235. A new wallet just opened a 250 billion PEPE position worth $2.31M around the historical level. The entire market continues to see an extended correction, but memecoins have faced the roughest time compared to other cryptocurrencies. Pepe [PEPE] has not being an exception to this decline. PEPE’s price has dropped back to its November 2024 price levels, now trading around $0.00000890 after a prolonged sell-off from its December highs near $0.00002800. PEPE is currently hovering just above the critical sell-side liquidity zone between $0.00000780 and $0.00000840. This was an area that previously acted as a launchpad for a 238% rally in November 2024, pushing PEPE to $0.00001839. If history repeats, this zone could provide another strong support level, offering a potential long opportunity. This would be largely possible if price first sweeps liquidity, resting below the sell-side at $0.000006. Source: TradingView A strong bounce from this liquidity zone could trigger another move toward the buy-side liquidity resting at $0.00002200, with further upside potential toward $0.00002800. However, failure to hold above $0.00000600 could result in another leg down, targeting deeper liquidity pockets near $0.00000531 and potentially even lower. Price sweeps below the sell-side liquidity could confirm the reversal before going long. On the other hand, a sweep of buy-side liquidity near $0.00001785 could signal an ideal exit for profits. How PEPE whales could determine next move? Following this drop in price, a new wallet just acquired 249.975 billion PEPE, valued at $2.31M, at $0.00000924. This major buy could indicate smart money accumulation, signaling a potential reversal. If buyers consider this as smart dip-buying and decide to step in, PEPE could hold above the crucial levels aforementioned, leading to an upward move toward $0.00001050.…

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Filed under: News - @ February 24, 2025 10:24 pm