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

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. Democrats won control of both chambers of Congress on Nov 4-5, 2026, and Bitcoin reacted fast. The largest cryptocurrency broke above $81,100 as traders betting on a decline rushed to cover.

Source: Crypto Daily