The Pepe Coin price has plunged by 24.2% in the last 24 hours, reflecting the broader market’s bearish momentum. This steep decline in PEPE price follows Bitcoin’s correction and fading speculative demand across memecoins. Yet, despite the intense sell-off, the token’s current position near its historical demand zone has caught investors’ attention. Notably, the same zone previously sparked a triple-digit rally earlier this year.
Pepe Coin Price Analysis: Rebound Potential From Historical Demand Zone
The current Pepe Coin market price trades at $0.00000706, showing a mild intraday rebound after slipping beneath the wedge pattern.
The chart reveals a sharp breakdown followed by a retest of the green-highlighted demand zone that previously ignited a 123% surge between April and May. This region between $0.0000060 and $0.0000075 has consistently drawn strong buying interest during prior corrections.
Meanwhile, resistance levels remain concentrated at $0.0000104 and $0.0000129, which must be cleared to confirm a bullish reversal.
Notably, CoinGape recently predicted that a breakout above this structure could open the path toward $0.00001500 in the near term. If renewed buying pressure emerges from this zone, PEPE price could regain momentum, setting the stage for an optimistic long-termPepe Coin price prediction in the sessions ahead.
Whale Confidence Builds As $5M Buy Defies The Downtrend
While retail sentiment cools, on-chain data reveals that a large investor has purchased over 600 billion PEPE worth $4.97 million in the past day, according to Lookonchain. The wallet still holds roughly $1 million in USDC, suggesting potential for further accumulation if Pepe Coin price remains low.
Such aggressive accumulation underscores growing conviction that PEPE could reclaim its position among the top meme coins once the market stabilizes.
Moreover, these purchases often occur when broader market fear peaks, signaling contrarian optimism. Therefore, this whale’s entry could represent an early repositioning ahead of a potential mid-term rebound in PEPE price.
Buy The Dip?
The ongoing correction has positioned PEPE price at a critical inflection point within its strongest historical demand zone. Whale inflows worth nearly $5 million reinforce the idea that downside pressure may soon ease. However, a confirmed bullish signal will only appear once price reclaims the $0.0000104 level decisively. For now, patient accumulation in this zone appears favorable for investors anticipating another upside recovery phase.