"PEPE Enters Accumulation Phase, Bulls Eye 54% Rally"

PEPE, the popular meme cryptocurrency, has entered an accumulation phase following a 47.78% decline over the past month. Technical analysis and on-chain data suggest a potential upward movement, with indicators pointing to increased buying activity across both retail and institutional investors.

Recent trading patterns show PEPE forming an ascending channel, a technical formation that typically precedes price appreciation. The cryptocurrency currently trades near critical support levels, with immediate resistance identified at $0.00001056. Breaking through this level could pave the way for further gains, potentially leading to a 54.22% rally.

Market data reveals substantial accumulation taking place, with approximately 635.23 trillion PEPE traded at current levels. This volume surge coincides with a notable increase in exchange outflows, as investors move their holdings to private wallets – often interpreted as a bullish signal.

The cryptocurrency’s fundamentals remain strong despite market pressures. PEPE currently boasts over 404,000 on-chain holders and maintains $44 million in locked liquidity through Ethereum smart contracts. These metrics suggest a robust foundation for potential price recovery.

Exchange netflow data provides additional support for the bullish case. Last week alone saw $30 million worth of PEPE purchased from exchanges, continuing a trend that began in early 2025. The largest single purchase this year reached $148.86 million, highlighting sustained interest from larger investors.

Trading indicators paint a mixed but predominantly positive picture. The Relative Strength Index (RSI) currently reads 47.02 with an upward trajectory, suggesting growing momentum. A move above the 50 mark would provide technical confirmation of bullish market control.

However, some challenges remain. The Open-Interest Weighted Funding Rate has declined from its February 14 peak of 0.0101% to 0.0002%, indicating the presence of selling pressure in derivatives markets. This metric will need to reverse course to support a sustained upward move.

The broader meme coin sector has faced headwinds recently, with the total market capitalization dropping 2.4% in the last 24 hours to $77.8 billion. Trading volume across all meme coins remains healthy at $6.4