Pepe Coin news has taken a bullish turn this week as the popular Ethereum-based memecoin rebounded sharply from recent lows, gaining over 10% in four days.
A combination of technical indicators, smart money inflows, and improving market sentiment suggests Pepe may be preparing for another leg up, with analysts now eyeing price targets in the $0.000015–$0.000016 range.
Smart Money Pours In as Sentiment Shifts
Pepe’s rally began following a sharp retest of key support at $0.00001107 on May 31. The price quickly bounced back, forming four consecutive green candles on the daily chart and reclaiming the 50% Fibonacci retracement level at $0.00001227. This move was fueled in part by renewed optimism in the derivatives market, where open interest surged 6.47% to $537.96 million, reflecting growing confidence among traders.
Pepe (PEPE) coin was trading at around $0.00001263, up 6.18% in the last 24 hours at press time. Source: Brave New Coin
Supporting the bullish momentum, data from Nansen shows that smart money wallets have accumulated over 642 billion Pepe coins in the past 30 days, a 150% jump. Whale addresses also expanded their holdings by 4% to 10.06 trillion PEPE coins. At the same time, the total exchange supply of Pepe has dropped from 160 trillion to 104.85 trillion since January, signaling that long-term holders are choosing to retain their positions rather than take profits.
“The smart money accumulation is a strong bullish signal,” said one analyst. “It shows that seasoned investors expect further price growth, especially with the broader memecoin sector heating up again.”
Technical Indicators Point to More Upside
A major bullish catalyst for Pepe coin price came in the form of a golden cross on the daily chart—where the 50-day moving average crossed above the 200-day moving average. This classic technical pattern is widely viewed as a signal for sustained upward trends.
PEPE is trading within a falling wedge pattern, which often indicates a potential bullish breakout. Source: Bicoinmoney on TradingView
According to the Pepe coin price chart, the current price hovers around $0.00001254, just below short-term resistance at the 20-day EMA ($0.00001266). A successful breakout above this level could open the door to the next resistance zones at $0.00001400 and $0.00001600, the latter representing a key psychological and technical milestone.
“The formation of a golden cross alongside increasing volume and falling exchange supply is a powerful trifecta,” said crypto analyst Crispus Nyaga. “It gives strong validation to the ongoing price reversal.”
Meanwhile, the MACD histogram continues to print red bars, but the fading intensity suggests a weakening of bearish pressure. The Relative Strength Index (RSI), currently near 51, is also inching higher, hinting at strengthening bullish momentum.
Market Context and Price Targets
Pepe’s recovery coincides with better overall market conditions. Bitcoin and Ethereum have both recovered from recent lows, and Ethereum has broken above $2,600. With Pepe highly correlated with Ethereum, such a background serves to strengthen a bullish argument even more.
Now ranked 27th by market cap at $5.3 billion, with more than $1 billion in 24-hour trading volume, Pepe has moved itself into the ranks of the top memecoins, next to Shiba Inu in the Ethereum ecosystem.
PEPE could retest the $0.000015-$0.000016 resistance zone as long as the price holds above the $0.000011 support level. Source: Goldfinch_song on TradingView
The near-term PEPE price prediction is around piercing resistance at $0.00001538 and hitting the May high of $0.00001615. A decisive move above that could prime the ground for the longer-term resistance of $0.00002830—a 123% increase from where it sits.
On the down side, the 200-day EMA at $0.00001107 remains the significant support to watch out for. Breaking below it can negate the bullish pattern and trigger more serious corrections, with levels of support at $0.000010 and $0.00000875.
Final Thoughts: Can Pepe Coin Sustain the Momentum?
With a combination of bullish technical indicators, surging open interest, and visible support from both retail and smart money investors, crypto Pepe coin appears poised for a potential breakout. The current consolidation around $0.00001250 could be the calm before another rally toward $0.000016.
Still, traders should remain cautious, as volatility in the PEPE coin price remains high. A sustained move above immediate resistance levels will be crucial for confirming the next leg up.
As things stand, the latest PEPE news offers a compelling narrative for bulls—but as always in crypto, momentum can shift quickly. Investors are watching closely to see whether this memecoin can leap to its next milestone—or if it needs another cooldown first.
Source: https://bravenewcoin.com/insights/pepe-pepe-coin-price-prediction-smart-money-fuels-bullish-surge-as-analysts-eye-0-000015-0-000016-target-zone