Pepe Memecoin Rebounds 33% Amid Bullish Signals

Optimism is surging in the memecoin market as Pepe, a popular memecoin, shows signs of a potential sharp reversal following its recent decline. Currently trading at $0.0000078, Pepe has rebounded from a low of $0.000005860, sparking speculation within the Pepe community. On-chain data and chart signals indicate a bullish setup, supported by whale accumulation and a reduction in exchange supply. As Pepe trades near key technical levels, many are wondering about the memecoin's price prediction and whether it is poised for a rally.

Pepe’s recent stabilization coincides with a broader crypto market recovery, where risk assets are showing signs of strength. Analysts point to technical structures such as a harmonic Gartley formation and a falling wedge, which often precede upward momentum. These patterns are accompanied by strong on-chain signals, including the rising Mean Dollar Invested Age (MDIA). The outlook for Pepe is gaining fresh attention across the broader community, from retail traders to significant investors.

A significant reduction in exchange supply is backing Pepe’s bullish movement. Currently, only 26.6% of the total PEPE supply is on exchanges, a sharp decline from 45% last November. This substantial drop suggests that holders are moving their assets into self-custody, signaling reduced selling pressure and increased long-term confidence. Additionally, there has been a notable rise in accumulation by large holders, who increased their PEPE holdings from 131 trillion to 172 trillion tokens recently. This uptick indicates a sentiment shift among market participants, positioning the asset for a potential price breakout.

The PEPE price chart reveals compelling technical formations pointing towards an impending upward move. A falling wedge pattern, considered a bullish reversal setup, has formed on the chart. This cryptocurrency consistently tested the pattern’s lower boundaries without breaking down, aligning with a double-bottom formation near $0.000005860. This price action strengthens the possibility of a trend reversal. Beyond these structural chart patterns, momentum indicators show positive signals. The Moving Average Convergence Divergence (MACD) and the Awesome Oscillator both display bullish divergence, suggesting that underlying momentum started rising even as prices were falling recently. These analytical instruments indicate that selling pressure has weakened, allowing buyers to gradually regain market control.

The emergence of a Bearish Gartley harmonic pattern further supports the bullish outlook for the PEPE price. Despite its name, this formation frequently forecasts an upside completion before any potential downward correction occurs. Recent analysis indicates that PEPE is currently in the pattern’s CD leg, a phase often associated with sharp price increases. This structure suggests a near-term price prediction target around $0.00000958, representing a roughly 25% potential gain. This target aligns with the 78.6% Fibonacci retracement level calculated from the initial X-A move, adding technical backing to the bullish case. While this price point might act as resistance and trigger some profit-taking, the overall setup favors a short-term rally. Market participants should monitor PEPE price action closely near this level, as harmonic patterns can reverse upon completion.

Current on-chain metrics, investor behavior, and technical structures are aligning positively for PEPE. Optimism surrounding the memecoin’s short-term prospects is growing within the community. If Pepe sustains its current momentum, a move towards $0.00000958 in the PEPE price seems plausible. Traders view this level as important for potential gains and as a critical test of the price rally’s strength. However, market participants should exercise caution regarding future price movements. Harmonic patterns offer insights but are not guarantees, and a failed breakout attempt might lead to renewed downward pressure. PEPE remains a closely watched memecoin within the crypto landscape, and its next price action could significantly influence sentiment across the broader memetoken sector.