Pepe Coin Eyes New Highs as Bulls Target $0.000022
Pepe Coin rallies 60% in 4 days, breaking key resistance levels. Whale accumulation and bullish technicals point to a $0.000022 target.
Quick overview
- Pepe Coin (PEPE) has surged 60% in the last 4 days, reaching a high of $0.00001264, with potential to hit $0.000022.
- Analysts highlight a bullish triangle breakout and significant whale accumulation as key factors driving the price increase.
- Whales have added over 10 trillion PEPE in 48 hours, indicating strong support and expectations for further price growth.
- Retail interest is also rising, with active addresses up 100% and 1,600 new wallets created in the last day.
Pepe Coin (PEPE) has gone up 60% in the last 4 days and hit a high of $0.00001264. With Ethereum at $2,400, the meme coin is looking to break out to $0.000022.
Analysts point to a bullish triangle breakout and whale accumulation as the drivers of this move.
Technical Breakout Signals More Upside
PEPE just broke out of a bullish triangle, up 137% from the March 11 low of $0.00000525. This move took out the 50% Fibonacci retracement at $0.00001222 and hasn’t been seen since early February. The 1.618 Fibonacci extension at $0.00001116 is now support, so the trend is looking good.
- Next Resistance: $0.00001337 (2.618 Fibonacci)
- Immediate Support: $0.00001116 (1.618)
- Potential Upside: 161% from breakout point
But the MACD is starting to flatten out, so we might see a short term pullback. If PEPE can’t get above $0.00001337, a retest of $0.00001116 could be a healthier base for the next leg up.
Whale Accumulation Signals Strong Support
Whales are adding fuel to the fire. According to IntoTheBlock, big holders have added over 10T PEPE in the last 48 hours, for a total of 144.86T. This level of whale support usually means they expect more price up.
- 10T+ PEPE added in 48 hours
- 144.86T total held by top whale group
- 932.58B net inflow on May 8
Big accumulation like this usually precedes big moves, so this is good for PEPE.r
Retail Interest Surges as Binance Sentiment Remains Bullish
Retailers are also getting in. Active addresses are up 100% to 5,030 and 1,600 new wallets joined in the last 24 hours. Binance traders are also bullish, with 66% long and the long-to-short ratio at 2.
- 100%+ active addresses
- 66% of Binance traders long PEPE
- 1.6K new addresses in 24 hours
With whale support, retail interest and strong technicals, we could see a run to $0.000022 (161% from breakout).
Trade Idea:
- Buy Above: $0.00001261
- Take Profit: $0.00001337
- Stop Loss: $0.00001116
Setup: Enter long above $0.00001261, target 2.618 at $0.00001337, stop below $0.00001116.
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