PEPE price has been relatively quiet with recent selloffs amid crypto market volatility
Technical analysis suggests potential for a 480-796% rally by end of 2025 based on chart patterns
Retail traders are accumulating PEPE with a 67.4% spike in small transactions while whales remain inactive
Five wallets recently purchased 611 billion tokens worth $4.28 million in just eight hours
PEPE is currently trading around $0.00000714 with key resistance at $0.00000737 and support at $0.00000698
The meme coin PEPE has experienced a period of relative quiet in recent weeks, undergoing continued selloffs amid broader cryptocurrency market volatility. However, technical analysts are pointing to chart patterns that suggest a potential massive upside move that could send the token soaring by as much as 796% before the end of 2025.
Currently trading at approximately $0.00000714, PEPE has shown mixed short-term performance with a 2.37% gain over the past 24 hours and a 2.97% increase over the past week. Despite a recent pullback, the token maintains an impressive 40.12% gain year-over-year.
The meme coin’s market capitalization stands at $3.01 billion with a 24-hour trading volume of $558 million, representing 77.81 trillion PEPE tokens changing hands. The circulating supply of PEPE is approximately 420.68 trillion tokens.
Technical Analysis Points to Potential Breakout
Crypto analyst MasterAnanda has identified a short-term higher low forming around support levels, which could serve as a launchpad for a major PEPE price breakout. This bullish outlook is based on the repetition of a similar price formation that played out in 2024 before PEPE’s run to new price highs and its current all-time high of $0.00002803.
According to the analysis shared on the TradingView platform, PEPE initially traded in a descending channel between May and September 2024 before breaking out. After the breakout, PEPE experienced a brief uptrend followed by a downside move that created a lower low, before eventually embarking on an extended rally that peaked in December 2024.
The same structure appears to be forming again on the PEPE price chart, specifically on the daily candlestick timeframe. April marked a period where PEPE bottomed out within a descending channel. Since then, two distinct highs and two clear lows have shaped what appears to be a reversal structure.
Most notably, a new higher low is beginning to form a pattern that could precede a bullish wave, based on previous price action. This is considered an important stage, especially for spot traders positioning for long-term growth.
Fibonacci extension levels suggest ambitious targets, with the 1.618 Fib level pointing to a possible 480% move and the 2.618 extension indicating a potential 796% upside. If this prediction structure holds, the next rally could push PEPE beyond $0.0004264, surpassing all prior highs and establishing a new all-time high in 2025.
On-chain data reveals interesting dynamics in PEPE trading activity. Retail traders appear to be returning to the scene, with active addresses rising by 0.47% over the past week. However, new addresses dropped by 6.78%, suggesting that not many new users are entering the market yet.
There’s a striking 67.4% spike in transactions under $1, indicating that small traders are accumulating PEPE. By contrast, larger transaction brackets in the $10,000 to $100,000 range dropped over 23%, showing that whales are still waiting on the sidelines.
In a recent development that caught the attention of the crypto community, five wallets purchased 611 billion PEPE tokens worth approximately $4.28 million, all within just eight hours. This concentrated buying has stirred excitement and raised questions about whether the memecoin is preparing for a breakout.
While retail interest appears to be picking up, whale data presents a mixed picture. Over the last 30 days, inflows from large holders dropped by 74.15%, while outflows also fell by 76.75%. This suggests that while whales aren’t actively buying, they’re not exiting their positions either.
On a 90-day scale, inflows dipped slightly while outflows rose by over 22%, hinting at some profit-taking but not a mass exit by large holders.
Market Indicators and Key Levels
PEPE price fluctuations have calmed significantly, with 30-day volatility dropping from 146.37% to 115.24%. This decrease in volatility often precedes a significant move in either direction as markets prepare for a shift.
Technical indicators are beginning to show signs of bullish momentum. PEPE has broken out of a descending channel and reclaimed the $0.00000700 mark. The 9-day and 21-day moving averages are approaching a crossover, which could signal a positive trend change in the coming days.
Currently, PEPE faces immediate resistance at $0.00000737. If this level is cleared, the next target could be around $0.00000884. The key support lies at $0.00000698, and as long as PEPE maintains this level, the bullish case remains viable.
In the derivatives market, activity has quieted down, with open interest falling by 3.8% to $288.14 million, indicating cautious sentiment among traders. However, liquidation data reveals a dense short liquidation zone between $0.0000074 and $0.0000076. If bulls manage to push the PEPE price into this zone, it could trigger a wave of forced buybacks, potentially igniting a strong rally.
For those interested in purchasing PEPE, the token is available on various cryptocurrency exchanges, with platforms like Bitget offering straightforward access through spot trading pairs such as PEPE/USDT.
As Bitcoin continues to consolidate around $84,000, traders are anticipating a potential shift of capital into altcoins, with PEPE being a popular candidate among meme coin enthusiasts. If current trends persist and altcoin sentiment improves, PEPE could work toward reclaiming its December 2024 high of $0.0000264 in the coming months.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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