A well-known cryptocurrency has been named, the value of which may increase by more than 27%

Cryptocurrency analysts have drawn attention to the PEPE token, which is likely to grow in value in the near future. According to experts, PEPE is significantly influenced by whale investors. These users have the largest supply of the asset.

Usually, the sale of an asset by whales is considered a bad sign, as it demonstrates a lack of trust. However, in the case of PEPE, the opposite is true. Over the past five days, the supply on the largest OTC platforms has decreased by 2.5 trillion PEPE. This offer is worth almost $ 20 million and is currently signaling optimism.

Historically, the sale of PEPE whales has been accompanied by a sharp rise in price. The higher the sales volume, the higher the rally. The same is expected this time, as whales can already be seen on the market. This is the first signal that a rally could be coming.

The PEPE price is currently trading above critical support. According to analysts, the meme coin will move towards the completion of a 60% rally. This target was set by the downward wedge that PEPE was in before its breakout two weeks ago. Despite the rally, PEPE has not been able to successfully reach the target and is still at 27% of the goal.