Pepe Coin Gains 73% Whale Volume, Eyes 250% Rise

Pepe Coin (PEPE) has been trading above key support levels, mirroring patterns from previous rallies. The price movement has shown stability around $0.0000117, suggesting that if current levels hold, a mid-term move toward $0.000041 remains a valid scenario. Market analysts have observed similarities between PEPE’s current setup and past bullish trends. Solberg Invest pointed out that PEPE is “repeating the last rally pattern, bullish if support holds,” with a mid-term target of $0.000041. The price has recovered from recent lows near $0.00001108 and is now testing the breakout range on higher timeframes.

On-chain signals reflect growing engagement by large investors. Whale transaction volume surged 73% over the past 24 hours, suggesting increased positioning. Data shows that whale netflows fell by more than 97%, shifting from distribution to potential accumulation. Historically, such shifts often appear ahead of trend reversals. This indicates that large investors are accumulating PEPE, which could support a bullish trend in the near future.

PEPE has broken out on the 8-hour chart, with the price returning to a previous trading range. A daily close above $0.0000115 could confirm the breakout and support continuation toward higher resistance levels. This breakout suggests that PEPE is gaining momentum and could continue to rise if it maintains its current support level.

Open interest in PEPE has increased by 5.77%, now standing at $518.73 million. This rise came while trading volume decreased by 33.05% to $2.48 billion. This pattern suggests that new positions are opening, but traders are still waiting for a decisive move. Short liquidations have also increased, with $178,700 in short positions closed in the last 12 hours, outpacing long liquidations. Liquidity heatmaps show clusters above the current price, which may lead to price targeting higher levels like $0.00001369. Analysts maintain that if PEPE remains above $0.0000115, it could trigger a push toward the $0.000041 target.