Pepe Coin (PEPE) is making headlines once again, showing renewed signs of bullish momentum as the price holds $0.0000075 support after months of downward pressure.
The memecoin, which had previously plunged over 60% from its yearly high, is now displaying compelling technical indicators and strong on-chain signals that hint at a potential price breakout.
Bullish Patterns Point to Recovery
Technical analysts are closely watching a bullish Gartley harmonic pattern currently forming on the Pepe Coin price chart. This classical setup suggests a potential short-term rally, with the target zone placed around the $0.00000958 level. If confirmed, this move could deliver an upside of approximately 25% from the current price levels.
PEPEUSDT is showing signs of a bullish breakout, with potential gains of up to 800%, though a final shakeout may occur before the next major move. Source: MasterAnanda on TradingView
PEPE’s ongoing recovery began after it rebounded from a local low of $0.000005860, establishing a strong support base. The coin is now trading within a bullish structure, including a falling wedge pattern—an indicator that often precedes upward momentum.
According to chart analysis, this price action completes the CD leg of the harmonic pattern, with resistance aligning near the 78.6% Fibonacci retracement of the prior move.
Whale Accumulation Strengthens the Bullish Case
Another major driver behind the optimistic Pepe price prediction is whale activity. Recent on-chain data shows a substantial drop in exchange-held supply—from 45% in November to just 26.6% currently, indicating increased self-custody and long-term holding by investors. Notably, whale addresses have boosted their holdings from 131 trillion to 172 trillion tokens.
Such accumulation patterns are often viewed as early signals of a price rally. Large investors tend to act ahead of market shifts, and their growing interest in crypto Pepe coin supports the case for upward movement.
Mixed Signals in the Short Term
Despite the bullish sentiment, some caution remains. PEPE is currently consolidating between $0.00000760 and $0.00000800, with repeated rejections near the upper boundary. Daily candle formations reflect indecision, with long wicks suggesting active selling pressure near resistance levels.
Pepe Coin (PEPE) was trading at around $0.000007580, up 0.71% in the last 24 hours at press time. Source: Brave New Coin
Volume trends also present a mixed picture. While PEPE saw a trading volume spike above $531 million in the past 24 hours—a 55.87% increase—there have also been periods of low activity. Analysts warn that low volume during price climbs can signal weak buying momentum, making rallies vulnerable to reversals.
Furthermore, a recent death cross on the short-term moving averages and a negative funding rate (-0.0097) suggest lingering bearish pressure. The Accumulation/Distribution (A/D) indicator also implies a distributive phase, adding to short-term risks.
Key Levels to Watch on the PEPE Price Chart
As of now, PEPE is hovering just above the 200-day EMA around $0.00000700—a level that has served as reliable support in past corrections. If the coin breaks above the critical $0.00000800 resistance on strong volume, technical indicators point toward the next targets at $0.00000890 and ultimately $0.00000958.
Pepe Coin appears primed for a major rally after confirming a double bottom and breaking out of a bull flag pattern. Source: TIMELESS1 on TradingView
A failure to maintain this breakout will see PEPE return and test lower levels of support at $0.00000714 and $0.00000680. These levels have so far remained steadfast on recent drawdowns and will be central in maintaining the bullish momentum.
What Lies Ahead for PEPE?
The convergence of whale accumulation, bullish chart structures, and improving sentiment creates a promising outlook for PEPE. While risks remain, especially around the $0.00000958 resistance zone, a successful breakout could push the Pepe coin price into a new bullish phase.
Although market sentiment throughout the crypto space is wary, Pepe coin news is gaining traction due to enhancing technical foundations and increasing investor appetite. Unless existing trends reverse and the break above $0.00000958 doesn’t hold, PEPE may set a new mid-term trajectory and recover lost territory.
Source: https://bravenewcoin.com/insights/pepe-coin-pepe-price-prediction-whale-accumulation-bullish-patterns-signal-potential-breakout-above-0-0000095