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

Slow Down, That's the Answer to the Age of the Agent
Rather than worrying about AI, it's better to regain control of pace and judgment

From Cash to Cryptocurrency: Moving Towards a Unified Regulatory Path for Illegal Payments
By establishing a framework based on the principle of "general law" and broadly defining the function of "payment tools," future innovations can be automatically included in the regulatory perspective, thereby breaking the passive cycle of "innovation-regulation-re-innovation-re-regulation" and guid...

Who will own the most Bitcoin in 2026
In this article, we will examine some individuals, companies, and wallets that have become crypto whales based on on-chain data and their own public statements, and investigate the amount of Bitcoin they hold.

A private feud lasting 10 years, if not for OpenAI's "hypocrisy," would not have led to the world's strongest AI company, Anthropic
What shapes the global AI landscape is not only the competition of technological routes but also a personal trauma that has never healed.

"Crypto Tsar" steps down: 130 days of political performance come to an end, how much of Trump's crypto promise remains?
The encryption czar has left, and Trump has muted.

From Utopian Narratives to Financial Infrastructure: The "Disenchantment" and Shift of Crypto VC
Financial infrastructure is the real reason that attracts venture capital investment in the cryptocurrency field.

A decade-long personal feud, if not for OpenAI's "hypocrisy," there would be no globally leading AI company Anthropic
Shaping the global AI landscape is not just a battle of technical paths, but also a wound of private trauma that has never healed

a16z: The True Meaning of Strong Chain Quality, Block Space Should Not Be Monopolized
Essentially, this attribute allows stakeholders to have a "virtual lane" within a high-throughput blockchain to ensure their transactions can be included.

a16z: The True Meaning of Strong Chain Quality, Block Space Should Not Be Monopolized
Essentially, this attribute allows stakeholders to have "virtual lanes" within a high-throughput blockchain, ensuring that their transactions can be included.

2% user contribution, 90% trading volume: The real picture of Polymarket
Is Polymarket a battleground for retail investors or an arena for institutions?

Trump Can't Take It Anymore, 5 Signals of the US-Iran Ceasefire
From Oil Prices and Elections to Secret Negotiations, Are the US and Iran Really Heading for a Ceasefire?

Judge Halts Pentagon's Retaliation Against Anthropic | Rewire News Evening Brief
The "Orwellian" Term Stymies Pentagon's Supply Chain Risk Label for Anthropic

Midfield Battle of Perp DEX: The Decliners, The Self-Savers, and The Latecomers
Hyperliquid has captured this wave of geopolitical market trends with commodity contracts. Decentralized exchanges are moving from internal competition within the crypto industry to a genuine alternative to traditional financial infrastructure, and this direction has only just begun.

Iran War Stalemate: What Signal Should the Market Follow?
Watch the Bond Market

Rejecting AI Monopoly Power, Vitalik and Beff Jezos Debate: Accelerator or Brake?
Can technological advancement be guided, or has it already gone beyond our control?

Insider Trading Alert! Will Trump Call a Truce by End of April?
Multiple Accounts Accurately Predict War, Earn $1.8 Million

After establishing itself as the top tokenized stock, does Ondo have any new highlights?
The total market capitalization of the global stock market is about $150 trillion, while the tokenized stocks market is currently only $10 billion in size, making it akin to a nascent super market that has just cracked the door open.

BIT Brand Upgrade First Appearance, Hosts "Trust in Digital Finance" Industry Event in Singapore
Discussing topics such as governance standards, compliance frameworks, and operational infrastructure within the context of the institutionalization process
Slow Down, That's the Answer to the Age of the Agent
Rather than worrying about AI, it's better to regain control of pace and judgment
From Cash to Cryptocurrency: Moving Towards a Unified Regulatory Path for Illegal Payments
By establishing a framework based on the principle of "general law" and broadly defining the function of "payment tools," future innovations can be automatically included in the regulatory perspective, thereby breaking the passive cycle of "innovation-regulation-re-innovation-re-regulation" and guid...
Who will own the most Bitcoin in 2026
In this article, we will examine some individuals, companies, and wallets that have become crypto whales based on on-chain data and their own public statements, and investigate the amount of Bitcoin they hold.
A private feud lasting 10 years, if not for OpenAI's "hypocrisy," would not have led to the world's strongest AI company, Anthropic
What shapes the global AI landscape is not only the competition of technological routes but also a personal trauma that has never healed.
"Crypto Tsar" steps down: 130 days of political performance come to an end, how much of Trump's crypto promise remains?
The encryption czar has left, and Trump has muted.
From Utopian Narratives to Financial Infrastructure: The "Disenchantment" and Shift of Crypto VC
Financial infrastructure is the real reason that attracts venture capital investment in the cryptocurrency field.
