- Pepe Coin (PEPE) is showing strong bullish potential with the emergence of a golden cross and double-bottom pattern, backed by rising trading volume and whale accumulation
- Analysts predict PEPE could surge to $0.000027 in the near term, with further upside possible if favorable market conditions persist.
PEPE coin, has been trending in the past few weeks. Notably, this influx of interest has mainly been for the wrong reasons. Even in this, there’s a silver lining. As the week kicks off, the asset is aligning with bullish indicators.
Currently the asset has exploded in value recording nearly 7% in the past 24 hours stopping at $0.00001409. The asset’s activity has also surged with a 47.36%, stopping at $1.57B.
It goes without saying that this growth has been highly driven by growing optimism in both technical and on-chain metrics.
Golden Cross and Double Bottom Signal Bullish Reversal
The PEPE price chart now shows two classic technical formations: a double bottom pattern and a golden cross, where the 50-day moving average crosses above the 200-day moving average.
These signals have historically been proven to be associated with the start of a strong upward trend.
“This pattern is textbook bullish,” commented Simon Chandler, a respected crypto analyst. “PEPE’s technical structure suggests it has broken out of a long consolidation phase, and if momentum continues, we could see it double from current levels.”
Another close market watcher, TradingView analyst Yoga55, has also taken the stage highlighting that PEPE is currently consolidating between $0.000012 and $0.000014, aiming to break above the $0.000015 level. If successful, the next target sits around $0.000018, with the potential to surge toward $0.000027 in the coming weeks.
Whale Accumulation and Volume Surge Add Fuel
On-chain data backs the bullish sentiment, with whale accumulation accelerating. Evident by a Whale Alert report, a massive transfer of 1.79 trillion PEPE tokens—worth approximately $26.6 million—from Binance to a cold wallet.
This is a promising sign as such movements typically signal a sign of long-term confidence from large holders.
At the same time, trading volume has exploded past $880 million daily, as earlier stated , ts trading volume stands at a solid $1.57B. Additionally the Crypto Fear & Greed Index currently sits at 74—well into “Greed” territory—indicating heightened investor risk appetite.
“Momentum indicators like RSI are sitting just below the overbought zone,” noted a CoinCodex analyst. “That leaves room for PEPE to climb higher without the immediate threat of a sharp reversal.”
Price Predictions Eye $0.000027 and Beyond
Market analysts are optimistic, projecting short-term gains that could see PEPE hitting $0.000023 by late May and $0.000030 by early June. CoinCodex estimates an average price of $0.00002730 for May, with the potential to reach $0.00003937 by July, a possible 260% increase from current levels.
Crypto influencer Crypto Zeus also noted that a new Bitcoin all-time high could propel PEPE to $0.000027 in the near term.
While Pepe Coin gained notoriety in 2023 for its viral rise, analysts now argue that the current rally is backed by real technical strength and maturing investor behavior.
“This isn’t the same coin that rallied in 2023,” said James Wynn, a prominent meme coin enthusiast. “We’re looking at a more mature market, more informed traders, and a better-structured chart. The setup is here for a significant move.”
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