- Whales Add 22T PEPE, Signaling Strong Market Confidence
- PEPE Eyes 150% Rally if It Breaks Key Resistance Levels
- Falling Wedge Pattern Hints at Potential Trend Reversal
Pepe (PEPE), the frog-themed meme coin, is showing early signs of a potential comeback despite recent declines. Analysts believe that the token could regain momentum as large holders continue accumulating PEPE tokens. Some market watchers suggest that if the current trend persists, PEPE could re-enter the top 20 cryptocurrency projects.
Technical Indicators Suggest a Possible Reversal
PEPE recently dropped to $0.0000066, marking a 16% daily decline, but has since shown signs of recovery. The price briefly rebounded from a low of $0.0000053 and is now trading near $0.0000071. Analysts have identified a falling wedge pattern, which is often associated with trend reversals.
RSI has left its highly oversold position indicating that market momentum may be starting to shift. An improving market sentiment becomes visible through the MACD indicator because it continues above its signal line. PEPE must overcome the substantial resistance positions at $0.00000760 then $0.00000800 to undertake further upward movement.
If PEPE fails to maintain its current support at $0.00000680, it could face additional selling pressure. A drop below this level may lead to further corrections before another attempt at recovery.
Whale Accumulation Points to Growing Confidence
Despite a recent sell-off by a long-term holder, large investors have been increasing their PEPE holdings. According to IntoTheBlock, PEPE whale balances rose by 22 trillion tokens in Q1 2025. Wallets holding between 100 billion and 10 trillion tokens contributed to this increase, indicating continued interest from major players.
Crypto analyst Jonathan Carter has suggested that PEPE could see a 150% rally if it breaks above key resistance levels. He pointed out a falling channel pattern and a potential move past the 50-day moving average as bullish signals. His near-term target stands at $0.0000093, while a stronger rally could push the price toward $0.000021.
For PEPE to sustain its recovery, it must stay above $0.00000690 and break through resistance levels. Analysts are closely monitoring whether the token can maintain its momentum and push higher in the coming days.
