TLDR

  • PEPE price has shown a 47.78% decline over the past month but technical indicators suggest a potential 54% rally ahead based on accumulation patterns
  • The cryptocurrency currently trades in an ascending channel with key resistance at $0.00001056, while maintaining solid support levels
  • On-chain data shows substantial accumulation with 635.23 trillion PEPE traded, alongside $30 million worth of PEPE purchased from exchanges last week
  • Despite overall market bearishness, PEPE maintains robust fundamentals with over 404k on-chain holders and $44 million in locked liquidity
  • Recent celebrity token launches and rug pulls in the meme coin sector have created headwinds, though whale investors continue supporting PEPE

The popular meme cryptocurrency PEPE has entered what appears to be an accumulation phase after experiencing a 47.78% decline over the past month. Technical analysis and on-chain data suggest a potential upward movement, with indicators pointing to increased buying activity across both retail and institutional investors.

Recent trading patterns show PEPE forming an ascending channel, a technical formation that typically precedes price appreciation. The cryptocurrency currently trades near critical support levels, with immediate resistance identified at $0.00001056. Breaking through this level could pave the way for further gains, potentially leading to a 54.22% rally.

Market data reveals substantial accumulation taking place, with approximately 635.23 trillion PEPE traded at current levels. This volume surge coincides with a notable increase in exchange outflows, as investors move their holdings to private wallets – often interpreted as a bullish signal.

The cryptocurrency’s fundamentals remain strong despite market pressures. PEPE currently boasts over 404,000 on-chain holders and maintains $44 million in locked liquidity through Ethereum smart contracts. These metrics suggest a robust foundation for potential price recovery.

Exchange netflow data from Coinglass provides additional support for the bullish case. Last week alone saw $30 million worth of PEPE purchased from exchanges, continuing a trend that began in early 2025. The largest single purchase this year reached $148.86 million, highlighting sustained interest from larger investors.

Technical Analysis

Trading indicators paint a mixed but predominantly positive picture. The Relative Strength Index (RSI) currently reads 47.02 with an upward trajectory, suggesting growing momentum. A move above the 50 mark would provide technical confirmation of bullish market control.

However, some challenges remain. The Open-Interest Weighted Funding Rate has declined from its February 14 peak of 0.0101% to 0.0002%, indicating the presence of selling pressure in derivatives markets. This metric will need to reverse course to support a sustained upward move.

PEPE’s price movement has shown increasing correlation with Ethereum, the blockchain on which it operates. This relationship suggests potential benefits if Ethereum continues its own recovery trajectory toward previous highs.

Pepe Price on CoinGecko
Pepe Price on CoinGecko

The broader meme coin sector has faced headwinds recently, with the total market capitalization dropping 2.4% in the last 24 hours to $77.8 billion. Trading volume across all meme coins remains healthy at $6.4 billion daily.

Technical analysis identifies several key resistance levels that PEPE must overcome during any potential rally. These include $0.00001137, $0.00001217, and $0.00001331. The ultimate target for the current setup extends to $0.00001477.

Support levels have proven reliable, with the price finding buyers around $0.0000092. Analyst Ali Martinez suggests this level remains crucial for maintaining bullish momentum. Below this, additional support exists at $0.0000066, coinciding with the weekly 0.786 Fibonacci retracement level.

Recent market developments include an increase in celebrity-backed token launches, which has affected capital flow within the meme coin sector. Several high-profile launches ended in substantial losses for investors, creating general wariness toward new projects.

The cryptocurrency’s trading patterns show consolidation within established ranges, suggesting accumulation by longer-term holders. This behavior often precedes price appreciation as supply in circulation decreases.

Exchange data indicates growing institutional interest, with several large wallet addresses increasing their positions during recent price dips. This accumulation pattern mirrors behavior seen during previous price recoveries.