PEPE Coin Flashes Bullish Cup-and-Handle Pattern as Whales Scoop 9 Trillions of Tokens

PEPE is flashing a bullish cup-and-handle pattern, rallying 22% as whales scoop up 9 trillion tokens. But short-term hype can fade fast.

PEPE price is showing signs of a potential breakout as it rises over 22% in a week to trade at $0.00000915. This upward movement is being driven by a bullish cup-and-handle pattern forming on the charts, a technical indicator that often precedes significant price increases.

As the last resistance levels are at $0.00001000 and $0.00001050, breaking through these levels could set the stage for a rally towards $0.000014 or higher.

This bullish outlook is also supported by whale activity, with large investors recently accumulating a massive 9 trillion PEPE tokens.

While the possibility of PEPE reaching $0.001 is still a topic of speculation among traders, the combination of technical patterns and substantial accumulation by major investors suggests that the meme coin could continue its upward trajectory.

As always, potential investors are advised to perform their own due diligence and consider the inherent volatility of the cryptocurrency market before making any investment decisions.

Bittensor (TAO) price has experienced significant movement recently, with a 12% increase today reaching an intraday high of $388 before settling around $372. This marks an 18% gain over the past week and a substantial 120% rise from its monthly low. The market capitalization has also grown, now exceeding $4.32 billion, up from approximately $1.95 billion at the beginning of April.

Breaking out of a multi-month falling wedge pattern, TAO is approaching key resistance near the $400 level. The Chaikin Money Flow indicator has climbed to 0.13, indicating increased buying pressure. Additionally, a golden cross has formed on the daily chart, where the 20-day EMA has crossed above the 50-day EMA, a signal often associated with upward momentum.

However, despite the recent price surge and bullish technical signals, it’s important to note that TAO remains a relatively unknown cryptocurrency with limited use cases. As such, investors should approach any investment in Bittensor with caution and conduct their own research to assess the risks and potential rewards.

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Enter the unhype

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While other projects promise the impossible, Cold Wallet is focused on pressing problems. With an emphasis on privacy and a burning need for a decentralized identity solution, Cold Wallet is accruing interest in a market tired of speculation and good stories.

What capital wants, eventually, is something durable. And in a market obsessed with hype, that makes Cold Wallet stand out.

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