Frog-themed meme token Pepe (PEPE) is showing early signs of a potential rebound, with recent on-chain and technical data hinting at a bullish turn despite a whopping 7% crash in the past 24 hours.
Frog-themed meme token Pepe (PEPE) is showing early signs of a potential rebound, with recent on-chain and technical data hinting at a bullish turn despite a whopping 7% crash in the past 24 hours.
At the time of writing, PEPE is trading around $0.00001004, stabilizing within a narrow price range of $0.00001014 to $0.00001130 over the past three days, CoinMarketCap data shows.
Whales Accumulate as Volatility Dips
IntoTheBlock data reveals a 54% increase in large holder netflows over the past day, with whale holdings rising from 81 billion to 125 billion PEPE tokens – an addition of 44 billion coins.
Whale inflows have also jumped from 1.2 trillion to 1.92 trillion tokens, suggesting that major investors are moving PEPE into cold storage or long-term wallets rather than preparing to sell.
Additionally, two whales reportedly opened long positions worth over $3 million on decentralized exchange HyperLiquid in anticipation of a price rally.
Historically, such aggressive moves by large holders precede significant market shifts, especially in low-liquidity meme assets like PEPE.
Pepe Technical Analysis Indicators Signal a Bullish Breakout
It is clear that PEPE is currently trading within a falling wedge or descending channel – typically considered a bullish reversal pattern. The price has touched the lower boundary of this channel.
PEPE appears poised for a breakout as it approaches a strong demand zone marked in the daily chart below.
The Relative Strength Index (RSI) hovers around 39.5, indicating that the token is in oversold territory and could see renewed buying interest. Additionally, the Moving Average Convergence Divergence (MACD) is close to a bullish crossover.
Should the MACD crossover materialize, it would strengthen the case for an upward move.
PEPE Daily Chart. Source: TradingView
A breakout from the descending channel could push PEPE back toward the $0.00001700 level in the short term, with a mid-term target of $0.00002100 if momentum continues.
The ultimate upside potential could revisit April highs around $0.00002500, contingent on broader market stability and continued whale support.
Bitcoin Hyper Shines amid PEPE Crash
As PEPE continues to free-fall, Bitcoin Hyper ($HYPER) – a next-generation Layer 2 solution – has raised a whopping $1.3 million in its ongoing presale.
The project is built to overcome the fundamental limitations of Bitcoin’s base layer – namely, its slow transaction speeds, high fees, and lack of programmability.
Source: Bitcoin Hyper
Bitcoin Hyper has launched a fast and cost-efficient Layer 2 chain, executing transactions on a high-performance virtual machine and settling them securely on Bitcoin Layer 1.
$HYPER is available now for $0.011925 in the project’s presale, with just 1 day and 4 hours remaining before the next price increase – head to the official Bitcoin Hyper site to grab your tokens early.
Connect a wallet like Best Wallet and simply swap crypto or use a card to complete the transaction.
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