Pepe Price Eyes 200% Rally Amid Consolidation in Symmetrical Triangle Pattern, Currently Trading at $0.00001051 as Whale Activity Grows
By Kelvin Munene Murithi
Pepe (PEPE) has surged by 12% to $0.00001051 and is positioned for a potential 200% breakout as it consolidates within a symmetrical triangle. Approximately 72% of PEPE holders are now in profit, with recent whale activity including a withdrawal of 535.81 billion tokens from Binance. The MACD indicator shows bullish momentum, while the RSI at 65 signals further upside potential toward $0.00001350.
In the last 24 hours, PEPE has experienced a bullish rally, fluctuating between an intraday high of $0.00001093 and a low of $0.000009302.
Will PEPE Breakout by 200%?
PEPE’s symmetrical triangle pattern suggests a balanced struggle between buyers and sellers. This pattern is often resolved with a breakout, and according to analyst World of Charts, PEPE could see a substantial rally if it breaks above the upper resistance.
Recent price movement has put a large portion of PEPE holders “in the money,” reflecting positive sentiment within the community as the token’s price consolidates.
Whale Accumulation Fuels Optimism
Large PEPE holders, or “whales,” have increased their activity, transferring significant amounts from exchanges to personal wallets, signaling confidence in the token’s future performance. Recently, one whale withdrew 535.81 billion PEPE tokens (over $5 million) from Binance, reinforcing optimism for a breakout.
Robinhood’s recent introduction of a Pepe transfer feature for its European users has further fueled demand, strengthening the bullish sentiment.
Technical Analysis of PEPE Price
Technical indicators support a bullish outlook. The MACD shows positive momentum, with the MACD line above the signal line, suggesting increasing buying pressure. The RSI at 65 indicates bullish conditions without yet being overbought.
Analysts highlight an immediate resistance at $0.00001100, which, if surpassed, could lead PEPE to the target of $0.00001350, provided market conditions remain supportive.
