- PEPE is showing signs of a potential breakout, with a recent 611B token buy ($4.28M) and bullish chart patterns forming around key support.
- Retail traders are slowly returning, while whales remain cautious but aren’t exiting — signaling a wait-and-see approach from big players.
- If PEPE breaks above $0.0000076, it could trigger short liquidations and a sharp rally, with Fibonacci targets pointing to potential gains up to 796%.
After months of meme magic and wild rallies, PEPE — the frog-faced token that once broke the internet — has been taking a breather. It’s been a relatively quiet few weeks, with some steady sell-offs and the usual market chop. But if the charts and on-chain activity are right, that silence might not last much longer.
Price Is Down, But Big Buys Say Otherwise
At the time of writing, PEPE’s sitting around $0.00000708, down about 4.7% in the past 24 hours. Not great on the surface. But behind the scenes? Some serious money just moved.
In just eight hours, five wallets scooped up 611 billion PEPE — yeah, that’s about $4.28 million worth. That kind of focused buying tends to catch attention — and it’s got traders wondering if something big is about to break loose.
That Familiar Pattern? It’s Back on the Chart
According to crypto analyst MasterAnanda, PEPE’s chart is starting to mimic the same pattern that appeared right before its previous all-time high.
Zooming in, it looks like the token’s forming a short-term higher low, right around a key support zone. It’s eerily similar to how things looked from May to Sept 2024, before PEPE took off and hit $0.00002803 in December.
The current structure? Two higher highs. Two higher lows. Sitting inside a descending channel — and now starting to push up. That’s usually the setup for a reversal.
Fib Levels Point to Big Possibilities
If you’re into Fibonacci extensions, this’ll sound familiar. The 1.618 level puts the next target at +480%, while the 2.618 Fib is pointing to a wild 796% upside.
If that plays out (big “if,” of course), we could see PEPE flying past its previous ATH — maybe even pushing toward $0.00004264. Not saying it’ll happen tomorrow, but the roadmap is there.
Retail Traders Are Trickling Back In — But Whales Are Still on Pause
Retail activity is picking up — slowly. Active wallets are up 0.47%, which doesn’t sound like much, but it’s something. More notably, transactions under $1 have spiked 67.4%, a clear sign that smaller investors are starting to nibble.
Whales though? Mixed signals. Big transactions between $10K and $100K dropped over 23%, and inflows from large holders fell 74% in the last month. Still, outflows dropped 76%, which means the whales aren’t buying — but they’re not bailing either.
So, they’re watching… maybe waiting.
Volatility’s Easing — Which Could Be the Setup
PEPE’s volatility has cooled a bit — from 146% down to 115% over the last 30 days. That kind of pullback in volatility can often signal a big move is building.
Technically, the price just reclaimed $0.00000700, and the 9-day and 21-day moving averages are inching toward a crossover — another early bullish hint.
Immediate resistance? $0.00000737. If PEPE clears that, the next checkpoint is around $0.00000884. As long as it stays above $0.00000698, the bullish thesis is still in play.
Derivatives Market Hints at Something Bigger
In the futures market, open interest is down 3.8%, now sitting at $288.14M. That drop reflects some caution — maybe even nerves. But here’s where it gets spicy:
Bitget data shows a cluster of short liquidations between $0.0000074 and $0.0000076. If bulls can push PEPE into that zone? We might see a cascade of forced buybacks, and that could spark a sharp move higher.
Final Thoughts — The Breakout Everyone’s Waiting For?
All signs are pointing to a critical moment. The pattern looks bullish. On-chain activity’s picking up. Spot buying pressure is slowly building. And while whales are cautious, they’re not walking away either.
If PEPE can push through $0.0000076 with strong volume, we might finally get that breakout everyone’s been waiting for since early this year.
Just keep in mind — meme coins move fast. So if you’re in? Stay sharp. If you’re watching? Don’t blink.
