This rebound comes after a prolonged bearish trend that saw the meme coin plummet over 80% from its all-time high of $0.00002833 in December 2024.
Following this surge, analysts are becoming more optimistic, predicting that PEPE could break the $0.000010 barrier if bullish momentum continues. The Pepe Coin price chart indicates the token is forming key technical patterns that could support further gains.
Technical Patterns Indicate Potential Breakout
Market analysts have identified a significant squeeze forming on Pepe Coin’s daily chart, suggesting that a major price move could be imminent. Some experts predict that this tightening price action could result in a surge exceeding 60% in a short period.
PEPE is coiling for a major breakout, with rising buy volume, weakening sell pressure, and a potential 60% surge imminent. Source: Max via X
While patience may still be required, the signs of a breakout are becoming increasingly evident. Analysts note key divergences between buy volume and price structure—buy volume is rising, sell volume is tapering off, and while price action continues to print lower lows, it appears to be running out of steam. This combination signals that Pepe Coin could be gearing up for a sharp upward move.
The chart shows PEPE tightly consolidating with rising buy volume and fading sell pressure, signaling an imminent breakout. Source: Max via X
If the breakout occurs, immediate resistance levels lie at $0.0000075 and $0.000010, with a successful confirmation potentially paving the way toward $0.00002095—a 220% increase from current levels. However, in a bearish scenario, failure to hold above crucial support at $0.00000298 could trigger another sell-off.
Whale Activity and Institutional Interest Fuel Optimism
PEPE’s recent price spike has been accompanied by an increase in whale accumulation. On-chain data reveals that three major investors purchased a combined 689.79 billion PEPE tokens worth $4.3 million. These large-scale acquisitions signal renewed confidence from institutional players.
Three wallets funded via Tornado Cash bought 689.79B PEPE ($4.3M). Source: Lookonchain via X
Historically, such whale accumulation precedes significant price rallies, as it often leads to higher liquidity and stronger market confidence in Pepe Coin.
Macroeconomic Factors Supporting PEPE’s Recovery
Beyond technical and whale-driven movements, broader economic factors have played a role in Pepe Coin’s resurgence. U.S. inflation data released this week showed a decline in the Consumer Price Index (CPI) from 3.0% to 2.8%, reducing concerns about aggressive Federal Reserve policies. As a result, risk assets, including cryptocurrencies, experienced a wave of renewed interest from investors.
Rising open interest suggests traders are positioning for a PEPE breakout, strengthening bullish sentiment. Source: CoinGlass
Additionally, PEPE’s futures open interest has climbed to $198 million, its highest level since March 7. This increase in open interest indicates that traders are positioning for a potential breakout, reinforcing the bullish sentiment around Pepe Coin.
Can PEPE Sustain the Rally and Hit $0.000010?
Despite the recent surge, PEPE continues to trade under its 200-day Exponential Moving Average (EMA), so a confirmed uptrend has not been created yet. Experts opine that if the token is able to stay above $0.0000062, it may gain the momentum required to break through towards $0.000010 and higher.
PEPE price has to break the 0.0000088 resistance to reclaim the $0.000010 level. Source: TheHunters_Company on TradingView
Cryptocurrency analyst Max highlighted the detection of a bullish divergence, meaning the increase in the amount bought while there’s a decrease in the amount sold—hence the established signal for a potential upcoming break. Some analysts suggest that, based on the ongoing trend continuing, PEPE could see short-term appreciation by 60%, with potential target prices of $0.000012 (a 90% increase) and $0.000020 (a 215% increase).
However, traders must remain cautious. The threats embodied by short-term fluctuations and potential retracements are still there, and the failure to hold vital support levels would counter the positive outlook.
Final Thoughts: Is Now the Time to Buy PEPE?
With rising whale accumulation, improving technical signals, and favorable macroeconomic conditions, Pepe Coin appears to be at a pivotal moment. The potential for a 215% breakout exists, but short-term bearish pressures still linger. For investors looking to enter, waiting for confirmation of a sustained breakout could be a safer approach. While Pepe Coin’s value shows a promising long-term outlook, market volatility remains a factor that should not be overlooked.
Pepe Coin (PEPE) was trading at around $0.000006370, up 11.27% in the last 24 hours at press time. Source: Brave New Coin
The next few days will be crucial in determining whether PEPE can sustain its rally and break past the $0.000010 level or if another correction is on the horizon. As Pepe Coin news continues to unfold, keeping an eye on the Pepe coin price will be key to understanding whether this surge can continue.
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