- Pepe is showing fresh energy after bouncing back strongly, with traders slowly regaining hope that a new rally might be starting soon.
- Big holders are moving millions worth of Pepe off exchanges, a sign they’re quietly stocking up and trusting the coin’s next big move.
- With trading staying active and supply tightening, Pepe looks ready for a comeback as quiet optimism spreads through the community.
Pepe (PEPE) appears to be entering a critical phase as momentum returns. The meme coin, currently trading around $0.00001400000, is showing renewed strength after rebounding from its lower support region.
On X, analyst EᴛʜᴇʀNᴀꜱʏᴏɴᴀL stated, “Pepe found support at the lower band of the ascending channel. Momentum is slowly reviving… This lull could be the first breath of a new run.” The coin’s one-week chart reveals an ascending channel that has guided price action since early 2024. Buyers repeatedly defended the lower boundary, while sellers emerged at the upper band.
Besides, price recently bounced from the $0.00000730 level, marking a 90% rally that restored confidence among traders. The structure remains intact, with the token now approaching mid-channel resistance.
However, breaking above this barrier could unlock the next major rally. Oscillator indicators show cyclical recovery patterns, with the latest upswing forming after a deep oversold phase. Volume also picked up near key reversal points, signaling growing interest as accumulation strengthens.
On-Chain Data Signals Quiet Accumulation
Meanwhile, on-chain data paints a similar story. According to BeLaunch, “Over $17M in PEPE has been withdrawn from exchanges this week — one of the largest outflow waves in months.” The movement suggests whales are shifting tokens to cold storage, showing confidence rather than panic. Moreover, daily trading volume remains steady around $300 million, proving that liquidity and market activity are still alive.
Additionally, a massive 892 billion PEPE — worth roughly $7.1 million — was pulled from an exchange in one transaction. Hence, such activity often indicates strategic positioning ahead of potential market reversals.
Despite charts showing a prolonged downtrend, blockchain data reveals accumulation rather than selling pressure. Consequently, shrinking exchange balances could tighten supply, setting the stage for an upward breakout.
Pepe’s technical and on-chain alignment hints at an approaching inflection point. The asset’s steady volume, rising momentum, and whale accumulation suggest growing optimism beneath surface-level quietness.
