- PEPE Shows Bullish Momentum: A golden cross and double-bottom pattern hint at a potential price surge to $0.000027.
- Whale Accumulation Supports Rally: Large PEPE transfers to cold wallets and rising trading volume signal growing investor confidence.
Pepe Coin (PEPE) is back in the spotlight as bullish technical patterns and surging on-chain activity point toward a potential breakout. After a volatile few weeks, the popular meme coin is now flashing signs of a trend reversal, with analysts setting sights on a short-term target of $0.000027.
As of now, PEPE has climbed nearly 7% in the past 24 hours, reaching $0.00001409. Trading volume has surged by over 47%, now sitting at a robust $1.57 billion—indicating growing interest from retail and institutional traders alike.
Bullish Patterns: Golden Cross & Double Bottom
Technical analysts have identified a golden cross—where the 50-day moving average moves above the 200-day moving average—and a double bottom pattern on the PEPE chart. Both are widely seen as strong indicators of a bullish reversal.
“This pattern is textbook bullish,” stated crypto analyst Simon Chandler. “PEPE appears to have exited its consolidation phase, setting the stage for a significant upside move.”
TradingView analyst Yoga55 noted that PEPE is currently consolidating between $0.000012 and $0.000014, with a breakout above $0.000015 potentially triggering a rally to $0.000018, and then to $0.000027 in the coming weeks.
Whale Accumulation Fuels Momentum
On-chain data adds weight to the bullish outlook. Whale Alert recently reported a massive transfer of 1.79 trillion PEPE—worth $26.6 million—from Binance to a cold wallet. This movement signals strong long-term conviction from large holders.
Also Read: PEPE Eyes 0.0000148 as Wave 3 Approaches Fibonacci Target
At the same time, trading volume has exploded, and the Crypto Fear & Greed Index has risen to 69, firmly in the “Greed” zone—suggesting high investor appetite.
“Momentum indicators like RSI are just below overbought,” a CoinCodex analyst added, “leaving room for PEPE to continue its upward climb.”
Price Predictions: $0.000027 Within Reach
Analysts are eyeing a move to $0.000023 by late May and potentially $0.000030 by early June. CoinCodex projects an average price of $0.00002730 for May and up to $0.00003937 by July—a 260% gain from current levels.
“This isn’t the same PEPE from 2023,” said meme coin enthusiast James Wynn. “The fundamentals, market behavior, and chart structure are far stronger now. The stars are aligning for a major run.”
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
