PEPE Price Compression Puts a Possible 8% Rally Scenario in Focus as Whales Buy

Three Things to Know PEPE led the altcoin pack after a surprise Congress result triggered a Bitcoin short squeeze. Whale buying and improving momentum keep the token's broader uptrend intact despite a quiet week. A daily close above the squeeze peak near $0.0000053 would show the rally has legs. PEPE outran the major memecoins this week as Democrats took both chambers of Congress and Bitcoin squeezed short sellers. Large holders kept buying as the spike cooled. The token now trades in a tightening range just below its recent peak. That compression often comes before a sharp move in either direction. Traders want to know if whale demand can carry PEPE through overhead selling once Bitcoin calms down.

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