The Pepe Coin (PEPE) price surged to $0.00001264**, marking a **60% jump in just four days**, fueled by Ethereum's rally to **$2,400. Breaking key technical resistances and patterns, this meme coin's momentum suggests a potential new all-time high. Supported by on-chain metrics, here’s why PEPE’s rally might continue.
PEPE Coin Rally Marks Triangle Breakout
Pepe Coin’s price reversal has soared 137% over 60 days from its March 11 low of $0.00000525**. The bullish momentum pushed PEPE to levels last seen in early February, breaching the **50% Fibonacci level** at **$0.00001222 and confirming a triangle breakout.
Technical Breakdown:
- Pattern: A descending resistance trendline (from lower highs) and ascending support trendline formed a triangle pattern, broken decisively on May 8 with a 35% rally.
- Target: Adding the pattern’s height to the breakout point suggests a 161% upside to $0.000022.
Indicators:
- MACD crossover signals rising momentum.
- 50-day and 100-day SMA hint at a bullish crossover, though the 200-day SMA poses resistance.
👉 Read more about PEPE’s technical trajectory
Binance Traders Turn Bullish: 66% Long Positions
66% of Binance traders hold long positions on PEPE, with a long/short ratio near 2. This optimism could provide leverage-driven fuel for further gains.
Surging Network Activity
- Active addresses spiked 100% in 24 hours (5.03k).
- New addresses: 1.6k (24hr) | 55% increase (7-day).
- Retail participation is rising, reflecting renewed interest.
Whale Accumulation Signals Confidence
- Whales (holding 1T–10T PEPE) added 10T tokens in 48hr, totaling 144.86T PEPE.
- Large Holder Netflow: 932.58B PEPE inflow on May 8, indicating strong demand.
Price Prediction & Key Levels
Upside Targets:
- $0.000022 (161% rally).
- $0.00002649 (100% Fibonacci level).
- $0.000040 (next ATH potential).
Support Zones:
- Critical: $0.000010 (psychological).
- Breakdown risk: Below $0.0000090 invalidates the rally thesis.
Conclusion
PEPE’s rally is driven by whale accumulation, technical breakouts, and trader optimism. With sustained momentum, a new all-time high is plausible.
FAQ
Q: What’s driving PEPE’s price rally?
A: Broader market recovery, technical breakouts, and whale activity.
Q: What’s the price target for PEPE?
A: $0.000022** (161% rally), potentially extending to **$0.00002649.
Q: Why are Binance traders bullish?
A: Over 66% hold long positions, creating leverage-driven upward pressure.