- PEPE gains 75% since March 11, testing key resistance
- Whale buys 492B PEPE, fueling market speculation
- Break above $0.000001 may trigger 161% price surge
PEPE Coin appears to be reversing its trend after reaching its lowest point on March 11. Since then, the token has gained 50% to 75%, signaling a potential shift in momentum. Investors who held onto their positions have benefited, while those attempting to trade the volatility have faced challenges. The market is now watching for the next key move as PEPE tests critical resistance levels.
Whale Activity Signals Increased Interest
On April 1, 2025, a new whale wallet purchased 492 billion PEPE tokens for $3.74 million, increasing speculation about future price movements. This large transaction has drawn attention, as significant whale activity often influences market sentiment. Another whale withdrew 250 billion PEPE from Binance, indicating a possible long-term holding strategy.
At the same time, a long-term holder sold 68.76 billion PEPE for $509,500, securing a $427,000 profit. While some investors are taking profits, overall whale holdings increased by 22 trillion PEPE in the first quarter of 2025. This suggests that despite short-term fluctuations, high-volume traders continue to accumulate the token.
Resistance Levels and Technical Indicators
PEPE is currently trading at $0.000000746, with key support at $0.000000700. The token faces resistance at $0.000001 and $0.0000015, which could determine its next move. If PEPE breaks through these resistance levels, it could reach $0.000002, representing a potential 161% increase from current prices.
Technical indicators provide mixed signals. The Awesome Oscillator shows a shift toward positive momentum, while the MACD suggests early signs of a possible rally.The Real Strength Index stands at an undecided position because market participants show mixed sentiments. Analyst Jonathan Carter has pointed out that PEPE is forming a falling channel pattern, which often leads to a bullish breakout. If the token moves above the 50-day moving average, it could rise toward $0.0000093, with a longer-term target of $0.000021.
Traders continue to monitor PEPE’s interaction with resistance levels and whale activity to determine whether the current trend reversal will lead to sustained gains.
