PEPE Price Set for Breakout? Whale Accumulation and Bullish Patterns Spark Optimism

Renewed optimism has gripped the memecoin market as Pepe shows potential for a sharp reversal after its recent decline. It trades at $0.0000078, having bounced from a recent $0.000005860 low, triggering speculation throughout the Pepe community. On-chain data and chart signals suggest a bullish setup is forming, supported by whale accumulation and reduced exchange supply. As PEPE trades near key technical levels, many wonder about the Pepe price prediction and whether it is ready to rally.

Pepe’s recent stabilization aligns with a broader crypto market recovery where risk assets show signs of strength. Analysts highlight technical structures like a harmonic Gartley formation and a falling wedge. These patterns often precede upward momentum. Strong on-chain signals, including the rising Mean Dollar Invested Age (MDIA), accompany these technical structures. The memecoin’s outlook is therefore gaining fresh attention across the broader Pepe community, from retail traders to significant investors.

Are Whales Accumulating PEPE?

A significant reduction in exchange supply backs Pepe’s bullish movement, a key point in recent PEPE news. Only 26.6% of the total PEPE supply is currently on exchanges, declining sharply from 45% last November. This substantial drop suggests holders in the PEPE community are moving their assets into self-custody. Such actions typically signal reduced selling pressure alongside increased long-term confidence.

A notable rise in accumulation by large holders supports this supply trend. These investors 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 PEPE price breakout. Since these participants often have unique insights, their activity is widely seen as anticipating market shifts.

What Do Pepe’s Technical Indicators Reveal?

The PEPE price chart shows compelling technical formations pointing towards an impending upward move. A falling wedge pattern, considered a bullish reversal setup, has now formed on the chart. This cryptocurrency consistently tested the pattern’s lower boundaries without breaking down. This price action aligns with a double-bottom formation near $0.000005860, strengthening the possibility of a trend reversal.

Beyond these structural chart patterns, momentum indicators show positive signals, leading to optimistic PEPE news headlines. The Moving Average Convergence Divergence (MACD) and the Awesome Oscillator both display bullish divergence. This means underlying momentum started rising even as prices were falling recently. These analytical instruments suggest selling pressure has weakened, allowing buyers to gradually regain market control.

Does a Harmonic Pattern Forecast PEPE’s Next Move?

The emergence of a Bearish Gartley harmonic pattern (Chart 1) further supports the bullish outlook for the PEPE price. This formation, despite its name, frequently forecasts an upside completion before any potential downward correction occurs. Recent analysis indicates PEPE is currently in the pattern’s CD leg, a phase often associated with sharp price increases. This structure suggests a near-term Pepe price prediction target around $0.00000958, representing a roughly 25% potential gain.

Chart 1 – The Harmonic pattern on the PEPE chart, provided by nileshrh73, published on TradingView, April 21, 2025.

The $0.00000958 target aligns with the 78.6% Fibonacci retracement level calculated from the initial X-A move. This alignment adds technical backing, strengthening 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.

What is the Outlook for PEPE Price Amid Risks?

Current on-chain metrics, investor behavior, and technical structures are aligning positively for PEPE. Optimism surrounding the memecoin’s short-term prospects is therefore growing within the Pepe 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.

Nevertheless, market participants should exercise caution regarding future price movements and PEPE news. Harmonic patterns offer insights but are not guarantees, and a failed breakout attempt might lead to renewed downward pressure. PEPE currently remains a closely watched memecoin within the crypto landscape. Its next price action could significantly influence sentiment across the broader memetoken sector.