PEPE Coin Eyes Breakout as Bullish Patterns Form and Whale Activity Surges
By: ethnews|2025/05/05 19:30:02
0
Share
PEPE coin is showing strong signs of a potential breakout, driven by bullish technical patterns, rising trading volume, and significant whale accumulation.However, market uncertainty following Warren Buffett’s retirement and macroeconomic shifts could influence short-term price movements.PEPE just like the broader cryptocurrency market is flashing several bullish indicators. Notably, after weeks of consolidation, technical charts suggest that PEPE may be on the verge of a major breakout.This has been coupled with increased whale accumulation and strong trading volume, traders and market pundits are closely watching for a decisive move above key resistance levels.PEPE Technical Indicators. Recent price movements show $PEPE inching upward, testing the crucial support zone between $0.00000041 and $0.00000065. The Relative Strength Index (RSI) on the 4-hour chart has reached 62 and is trending toward the overbought zone (above 70), indicating strong buying momentum. However, a move into overbought territory could also signal a potential short-term correction.Key resistance lies at $0.00000095 and stretches up to $0.00000130. A clean breakout above $0.00000095 would validate bullish sentiment and potentially drive the price toward $0.00000190 or higher. However, a drop below $0.00000850 could invalidate this setup and signal weakness in the current trend.Supporting the bullish case is a notable spike in trading volume, up 18% in the past 24 hours to $1.2 billion. Binance alone accounted for 35% of this activity. CoinGlass data also shows an uptick in short liquidations, often a sign that bearish traders are being forced to cover their positions, accelerating upward pressure.At the time of writing, PEPE is swapping hands with $0.000008130 marking a 10.94% decline in the past week. This has left the memecoin with a $3.42B market cap.Whales Boost PEPE Rally.Whale activity has added further fuel to PEPE’s rally. A whale recently withdrew 1.5 trillion PEPE coins (worth approximately $13.3 million) from Binance, reducing the exchange’s PEPE reserves by 7%. LookOnChain identified the wallet as one holding over $147 million in assets. The withdrawal appears to have triggered retail interest, with PEPE/USDT buy orders surging 15% shortly after.From a technical standpoint, PEPE has broken out of a falling wedge pattern, a formation known for predicting bullish reversals. It is also forming a rounded bottom—a classic signal of trend exhaustion and reversal to the upside.Still, macroeconomic factors loom in the background. The recent retirement of Warren Buffett—long considered a bastion of traditional investing—has stirred uncertainty. Buffett’s comments questioning the long-term strength of the US dollar and advocating for diversification have rippled across markets, fueling cautious sentiment even within the crypto sector.PEPE is currently trading at $0.00000823, down 1.57% in the last 24 hours. With support now eyed at $0.00000775 and $0.00000700, traders remain watchful. If buyers re-emerge strongly at those levels, a renewed push above $0.00000850 could spark the next leg up.With bullish chart patterns, rising volume, and strategic whale positioning, PEPE coin may be gearing up for a significant move—one that could reshape its near-term trajectory in the meme coin market.The post PEPE Coin Eyes Breakout as Bullish Patterns Form and Whale Activity Surges appeared first on ETHNews.
You may also like

Wall Street's Most Mysterious Money-Making Machine, Crashing Bitcoin Price at 10 a.m. Sharp Every Day
Jane Street's reputation has continued to suffer in recent years

Key Market Information Discrepancy on February 26th - A Must-Read! | Alpha Morning Report
1. Top News: Major Cryptocurrencies, Including Bitcoin, Surge; Jane Street Halts "10 AM Dump" After Lawsuit
2. Token Unlock: $MIRA, $SAHARA, $HUMA, $BLAST, $ALOT

How was the Backpack staking token swap established?
Backpack is taking a path of unvalidated transactions, requiring a delicate balance between regulators, equity holders, and token stakers.

Can You Still Launch a VC Firm Today?
Put Your Reputation on the Line, Find a Clear Edge, Win a Few Key Trades, and Stay in It for the Long Haul

Claude Cowork Adds Scheduled Task, Jane Street Incident Continues to Stir, What's the Overseas Crypto Community Talking About Today?
What Was Trending for Foreigners in the Last 24 Hours?

Leveraging $6,000 to Move a $200M Market Cap? How Polymarket Creates an "Insider Trading Illusion"
After a large bet on Meteora on Polymarket, the price of MET rose instead of falling within an hour.
WEEX AI Hackathon: $8B Traded, Real AI Strategies Proven
How profitable is AI trading in real crypto markets? WEEX's $1.88M global AI hackathon reveals $8B volume, 227% ROI, API strategy data, and why only 8 of 37 traders made profit.

Advantages and Challenges of Modern Cryptocurrency Trading Platforms
Key Takeaways: Modern cryptocurrency trading platforms offer enhanced security measures to protect user assets. User-friendly interfaces and comprehensive…

Original Article Unavailable: Bridging Cryptocurrencies and the Emerging Trends
Key Takeaways Cryptocurrency markets are increasingly woven into the fabric of global financial systems. With advancements in blockchain…

Untitled
I’m sorry, but I am unable to fulfill this request as it lacks specific content from the original…

The one who bought the Meta stablecoin Diem back in the day is a good friend of SBF.
The original idea was to combine a bank-licensed compliant entity with an underlying clearing network built over three years by a Silicon Valley giant, to enable seamless payments for everything you can imagine

February 25th Market Key Insights, How Much Did You Miss Out?
1. On-Chain Funds: $32M inflow to Ethereum this week; $54.9M outflow from Arbitrum
2. Largest Price Swings: $SN115, $RAVE
3. Top News: Tonight's Circle and NVIDIA earnings reports, AI narrative's impact on crypto market sentiment under scrutiny

Dragonfly Partner Haseeb Conversation: The AI Apocalypse is Far Away; Smart Contracts are Machine-Destined Law
In the world of crypto, the first lesson you learn is the importance of "HODLing" on.

IOSG: DeFi Upward, User Downward; Curator's New Paradigm of CeDeFi
As DeFi matures and grows more complex, the Curator is becoming a key intermediary connecting risk and users.

DDC continues to advance its Bitcoin reserve strategy, with a total holding of 2118 BTC
DDC Enterprise Limited has today announced the additional purchase of 50 bitcoins, increasing its total bitcoin holdings to 2,118 bitcoins. This latest acquisition marks DDC's seventh consecutive week of executing its bitcoin accumulation plan. Based on its current holdings, DDC is ranked 34th in the global publicly traded companies bitcoin holdings list.

From Mining Enterprise to Infrastructure Builder, Bitdeer Unpacks the Survival Logic behind BTC
Profit margins nearing the red line, miners are starting to use Bitcoin as fuel.

How Can Agentic Commerce Empower AI to Start Making Money?
The first wave of moneymaking AIs has arrived, which projects are worth paying attention to

February Correction: Is the Crypto Market Bottoming Out?
Based on historical experience, the most intense phase of this downturn may be about to end.
Wall Street's Most Mysterious Money-Making Machine, Crashing Bitcoin Price at 10 a.m. Sharp Every Day
Jane Street's reputation has continued to suffer in recent years
Key Market Information Discrepancy on February 26th - A Must-Read! | Alpha Morning Report
1. Top News: Major Cryptocurrencies, Including Bitcoin, Surge; Jane Street Halts "10 AM Dump" After Lawsuit
2. Token Unlock: $MIRA, $SAHARA, $HUMA, $BLAST, $ALOT
How was the Backpack staking token swap established?
Backpack is taking a path of unvalidated transactions, requiring a delicate balance between regulators, equity holders, and token stakers.
Can You Still Launch a VC Firm Today?
Put Your Reputation on the Line, Find a Clear Edge, Win a Few Key Trades, and Stay in It for the Long Haul
Claude Cowork Adds Scheduled Task, Jane Street Incident Continues to Stir, What's the Overseas Crypto Community Talking About Today?
What Was Trending for Foreigners in the Last 24 Hours?
Leveraging $6,000 to Move a $200M Market Cap? How Polymarket Creates an "Insider Trading Illusion"
After a large bet on Meteora on Polymarket, the price of MET rose instead of falling within an hour.