PEPE Surges 9.9% as Large Investors Accumulate 3 Million

PEPE, a digital asset, experienced significant gains in the past day as large entities began purchasing the asset in bulk. The price of PEPE surged by 9.9%, but this rally is contingent on several market dynamics, particularly a key support level that it is currently testing. The asset is trading within a bullish pattern known as the inverse head and shoulders, which often precedes upward breakouts. However, if the price breaks below the critical support zone at $0.00001024, it could invalidate the current bullish pattern and trigger a bearish reversal.

Large investors are once again entering the market, accumulating PEPE in significant volumes. In the past 24 hours, over $3 million worth of PEPE was accumulated, with Morpho leading the charge by purchasing approximately $1.3 million in tokens. The number of PEPE holders hit an all-time high, signaling growing confidence in the token’s outlook and suggesting strong potential for continued upside momentum. The simultaneous rise in both accumulation and holder count indicates a bullish sentiment among investors.

While institutional entities and long-term holders are adding to their positions, the continuation of PEPE’s rally rests on a crucial support level. PEPE has entered a critical support zone at $0.00001024, a level that previously acted as resistance. If support holds and buying pressure continues, PEPE may climb to $0.00001157, offering a potential 12% gain. Sustained demand could push the token even higher toward $0.00001339, representing an additional 15% upside. The next few sessions will be key in determining whether this support level can hold and fuel further momentum.

Analysis of the Bull Bear Power (BBP) indicator, which helps determine whether buyers (bulls) or sellers (bears) dominate, shows consistent green bar formations, signaling bullish momentum. More consecutive green bars would suggest heightened buying activity, increasing the chances of a breakout above $0.00001157. The liquidation Heatmap on CoinGlass, which highlights potential price pivot zones, shows a two-sided risk profile. Key liquidation levels lie both above and below the current price, implying that PEPE could move in either direction. A downside move could push the asset toward $0.0000099, where the last major liquidity cluster sits. On the flip side, if upward momentum continues, PEPE could rally toward $0.00001114, a zone marked by significant liquidity clusters. This level may act as a magnet for price action, especially as leveraged short positions face pressure. Currently, several indicators and overall market sentiment lean bullish, suggesting that continued capital inflows could drive PEPE higher. However, sustained volume and follow-through will be key to confirming the breakout.