- Bullish Signals Emerging: PEPE has been in a 47.78% downtrend, but growing accumulation and RSI momentum hint at a potential reversal.
- Key Resistance Levels Ahead: A break above $0.00001056 could trigger a 54.22% rally, though resistance at $0.00001137, $0.00001217, and $0.00001331 may slow progress.
- Mixed Market Sentiment: While buyers are accumulating, the Open-Interest Weighted Funding Rate remains bearish, suggesting selling pressure still lingers in the derivatives market.
In the past month, PEPE [PEPE] has been on a brutal losing streak, shedding a staggering 47.78% of its value. The decline hasn’t let up—just in the last 24 hours, the token slipped another 1.89%, continuing its downward spiral.
But here’s where things get interesting. Some fresh market signals suggest a shift could be on the horizon. Bulls are starting to stir, accumulation is ramping up, and despite lingering bearish undertones, a potential comeback might be brewing.
A Path to a Major Price Rally?
Zooming into the 4-hour chart, PEPE is consolidating within an ascending channel—a structured setup with clear support and resistance levels.
Right now, the token is bouncing off a critical support zone and appears to be marching toward the upper resistance level at $0.00001056. If it smashes through that ceiling? That’s a solid confirmation of bullish momentum, which could kickstart a much larger move.
From its current support all the way up to the projected peak at $0.00001477, PEPE would be looking at a 54.22% surge—a serious comeback.
However, the ride up won’t be without obstacles. Potential resistance could emerge at $0.00001137, $0.00001217, and $0.00001331—levels where selling pressure might try to slow things down.
Accumulation Picking Up—A Bullish Sign?
A deep dive into Accumulation/Distribution (A/D) Ratio suggests that big-money players are quietly loading up. AMBCrypto’s analysis highlights a potential 635.23 trillion PEPE tokens accumulating at key levels.
On the one hand, that’s bullish—more demand typically fuels price appreciation. But there’s a catch. A descending line pattern (dotted on the charts) suggests we might see even more accumulation before a real breakout happens. If that unfolds, it would signal intensified buying, reinforcing the possibility of PEPE ripping past key resistance barriers.
source: TradingView
Momentum Building—Is a Reversal Imminent?
At the time of writing, Relative Strength Index (RSI) is flashing some promising signs. Sitting at 47.02, the RSI is trending upward. If it manages to cross above 50, that’s a clear green light that bulls are in control—at least in the short term.
Adding more weight to this outlook is Exchange Netflow Data from Coinglass. Typically, negative netflow (red)means more buying activity, while positive netflow (green) points to heightened selling pressure.
Since early 2025, PEPE has seen consistent spot market accumulation. Just last week alone, $30 million worth of PEPE was snatched up from exchanges. Even more impressive? The largest single buy of the year topped out at $148.86 million. If this buying spree keeps up, we might just see the momentum needed for a sustained breakout.
Minor Selling Pressure Still in Play
Despite the bullish signals, not everything is lining up perfectly for PEPE.
The Open-Interest Weighted Funding Rate—a key indicator that blends Open Interest (OI) with the Funding Rate to gauge market sentiment—still leans bearish.
After hitting a peak of 0.0101% on February 14, the metric has tumbled down to 0.0002%, firmly in negative territory. Translation? More sellers than buyers in the derivatives market, which could act as a headwind for PEPE’s rally.
That said, if this indicator starts trending back up, it could reinforce overall bullish sentiment and inject confidence into traders looking for confirmation.
Final Thoughts
Right now, PEPE is at a critical inflection point. Accumulation is rising, RSI momentum is improving, and exchange data suggests buyers are stepping in. However, lingering bearish sentiment in the derivatives market could put up resistance.
A decisive breakout above $0.00001056 would be a strong signal that bulls are taking charge. But until then? Expect some choppy waters ahead.
