Pepe (PEPE) has dropped by nearly 5% in the past 7 days but deep-pocketed investors (a.k.a. whales) have been accumulating tokens, favoring a bullish Pepe price prediction.
Data from Nansen indicates that the top 100 addresses that hold PEPE have increased their holdings by 2.8% in the past 30 days despite the drop and currently sit on 306 trillion PEPE tokens.
This figure accounts for more than 70% of the asset’s circulating supply, emphasizing how heavily concentrated PEPE’s token distribution is among its top supporters and long-term investors.
Meme coins as a whole have been experiencing a mild pullback but they have still managed to book gains of 38.7% in the past 30 days. PEPE has underperformed the market as a whole during this period as its price has increased by just 23%.
However, data from CoinGlass also shows that open interest in PEPE futures crossed above the $1 billion threshold for the first time in history as traders seem to be positioning for an explosive move.
Pepe Price Prediction: Could a Final Dip Set Up PEPE for a Massive 3x Rally?
PEPE has slipped 3.4% over the past 24 hours to $0.00001188, with trading volumes dropping sharply — down 26% — signaling a cooldown after its recent rally.
But this latest pullback appears to be part of a broader consolidation phase, not a full-blown reversal.
Price action shows PEPE forming a bullish ascending triangle while respecting a clear support trendline. This structure often precedes a major breakout once liquidity builds and bearish pressure is exhausted.
The RSI has cooled to 34.60, which is oversold territory that typically aligns with local bottoms. Meanwhile, the MACD is flattening, hinting at a potential shift in momentum.
If PEPE dips slightly lower to sweep liquidity below $0.00001100, it could trigger renewed whale accumulation, especially near the ascending trendline support.
Once that flush is complete, the path toward the $0.00002000 and even the $0.00002836 highs from March becomes more realistic.
Technical structure, RSI reset, and on-chain strength all support a bullish PEPE price prediction, with a potential 3x upside if the breakout confirms.
As crypto prices continue to rise, protecting your assets and accessing them easily has never been more important.
That’s why Best Wallet (BEST) is quickly becoming one of the most talked-about crypto presales this year.
Best Wallet (BEST) Has Raised $14M to Launch Its All-in-One Crypto Wallet
Best Wallet (BEST) supports over 60 blockchains, offers low swap fees, and includes powerful features to help users manage and grow their portfolios with ease.
It’s built to give everyday users the tools they need — all in one simple, intuitive app.
The Best Wallet mobile app is already available on both iOS and Android and it’s already become one of the most popular wallets for crypto users.
With plans to launch a decentralized exchange and a crypto debit card, Best Wallet is positioning itself as a key player in the crypto space.
As more users around the world start adopting the wallet, demand for its utility token $BEST is expected to rise rapidly.
You can still buy $BEST at the current presale price of $0.025385, making this a strong entry point before it goes public.
Simply head to the Best Wallet website and connect your wallet. If you don’t have one, you can download the Best Wallet app.
You can either swap USDT or ETH or a bank card to complete the transaction.
The post Pepe Price Prediction: Massive Accumulation Spotted During 5% Crash – Reversal Incoming? appeared first on Cryptonews.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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