Pepe Coin (PEPE) price has jumped nearly 9%, surviving the Fed’s meeting and its decision to keep target rates unchanged. Trading at $0.00000837, PEPE is hinting at an extended rally to break $0.000010 with skyrocketing whale holdings in 2025. Will this renewed momentum in the Pepe coin result in a 60% rally to $0.00001465?
Pepe Price Surge Targets Cup and Handle Pattern Breakout
Pepe coin surged 5.28% on May 7, creating a bullish engulfing candle to complete a morning star pattern. This generally relates to a trend reversal, as seen with the intraday recovery of 2.20%. It concludes the declining trend in PEPE that resulted in a streak of seven consecutive bearish candles.
PEPE has surpassed the 23.60% Fibonacci level at $0.00000823 and prepares to challenge the longstanding $0.0000090 resistance. Furthermore, the shift in meme coin’s trend reveals a cup and handle pattern. The reversal in Pepe’s price from $0.00000576 in early April and the recent bounce back complete the pattern. The neckline of the pattern coincides with the $0.0000090 supply zone.
A decisive daily candlestick close above the neckline will confirm the breakout from the cup and handle pattern. This breakout rally could propel PEPE to hit a price target of $0.000001465 (61.80% Fib level). The target is calculated by adding the depth of the cup to the breakout point. This aligns with the hopeful Pepe coin price prediction, anticipating a bullish return of the frog-themed meme coin.
As PEPE floats above $0.0000075, the Supertrend Indicator signals a sustained bullish outlook. Additionally, the MACD and Signal lines hint at a crossover as bullish momentum resurfaces. Hence, the technical indicators support the upside potential in the Pepe price trend.
Pepe Price Chart
On the flip side, a failure to exceed the neckline will result in another pullback for the Pepe coin. In such a scenario, the downfall could retest the $0.0000075 mark.
Whale Holdings Add 24T PEPE in 2025
Based on IntotheBlock’s Balance by Holding Indicator, the PEPE whale holding (10t to 100t) has increased by 20%. The balance increased from 119.83 trillion PEPE on January 1 to 144.56 trillion on May 7. Such a massive boost in whale holding highlights a strong underlying confidence and increases bull run chances for Pepe.
Pepe Balance by Holding
Rising Long Positions Defend Short Liquidation Risk
As per Coinglass, the PEPE Open Interest stands at $396 million, and long positions hit 52.78% in the last 4 hours. The rising long/short ratio to 1.1177 suggests a surge of optimism. As seen in the Pepe Liquidation Map, the positional build-up defends the $1.64 million long liquidation risk at $0.00000832. Considering the newfound uptrend prolongs, a $1.12 million short liquidation risk looms at $0.00000843.
PEPE Liquidation Map
Hence, as the uptrend continues, a potential surge in short liquidations will fuel the rally in Pepe, increasing the chances of the $0.000010 breakout. Thus, setting the stage for a bullish run toward the $0.00001465 target.
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