After weeks of turbulence, the crypto market shows signs of revival, and Pepe Coin (PEPE) is leading the charge. A surge in whale accumulation and renewed investor confidence has pushed PEPE up 7% in the past 24 hours, outpacing several competitors. But analysts suggest this may be just the beginning—a potential 215% breakout could be forming.
The recent Bitcoin price rally has reignited enthusiasm across the broader market, drawing institutional and retail investors back into meme coins. Three major whales have collectively purchased 689.79 billion PEPE tokens, worth approximately $4.3 million, accelerating the token’s price surge.
According to Lookonchain, here’s how the accumulation played out:
- Wallet 0x7A7D acquired 437.7 billion PEPE for $2.72 million (1,413.4 ETH).
- Wallet 0x9212 bought 158.58 billion PEPE for $1 million.
- Wallet 0x7779 spent $574,000 (299 ETH) on 93.51 billion PEPE.
These purchases indicate growing confidence among large investors, as high-volume whale activity often precedes strong price movements. With additional buyers entering the market, bullish momentum is building.
Pepe Coin Price Outlook
As of now, PEPE is trading at $0.0000056382, reflecting a 7.5% daily increase and a 16% gain from its recent low of $0.000005326. The coin’s market cap sits at $2.65 billion, while trading volume has surged to $885.06 million.
Despite these gains, PEPE remains below its 200-day EMA, meaning a confirmed bull run is yet to materialize. Analysts identify $0.0000062 as the crucial support level—if PEPE maintains this zone, it could pave the way for an extended rally.
While short-term indicators still lean bearish, analyst Max points out a growing bullish divergence, as buy volume increases while sell pressure declines. This suggests a possible 60% breakout move, but the market must first confirm a sustained uptrend.
Two Possible Scenarios
- Bullish Breakout: If PEPE sustains buying pressure, analysts predict a rally to $0.000012, marking a 90% increase. The coin could target $0.00002 if momentum continues, delivering a staggering 215% surge.
- Short-Term Decline: Some analysts warn that PEPE may retest lower supports before a confirmed breakout. A brief dip could precede a stronger reversal, requiring higher volume and renewed bullish sentiment.
Should You Buy PEPE Now?
Whale accumulation and technical indicators suggest Pepe Coin is positioning for a major move. However, crypto markets remain volatile, and a sudden downturn could liquidate over-leveraged positions.
For investors, the key is to monitor RSI movement, volume trends, and breakout confirmations. If bullish momentum holds, PEPE could be primed for another explosive rally, reinforcing its dominance in the meme coin sector.
