Momentum is building once again around PEPE, as bullish traders return and technical signals hint at a major upward move. After climbing over 11% in the past 24 hours, PEPE has earned a top spot among today’s crypto gainers—according to CoinMarketCap—and the rally might be just getting started.
Technical Setup Signals Possible Surge
An ascending triangle pattern is currently forming on PEPE’s chart—a classic bullish formation that typically precedes breakouts. This pattern, marked by a flat resistance line and a rising support line, often indicates that buyers are gaining strength as they push against overhead selling pressure.
Currently, all eyes are on the $0.00000918 resistance. A decisive breakout above that level could trigger a surge of up to 126%, propelling PEPE toward a potential target of $0.00002077. For now, PEPE is trending upward within this structure, supported by growing volume and positive sentiment.
Bullish Indicators Flash Green
Technical indicators are beginning to flip bullish. The Bull Bear Power (BBP) indicator—used to gauge market control—has shifted in favor of bulls. A green histogram bar has just formed for the first time in five days, signaling a change in momentum after a stretch of bearish pressure.
The Relative Strength Index (RSI) has also re-entered the bullish territory between 50 and 70, a region that suggests continued strength if PEPE can hold its ground. Sustained movement in this zone typically aligns with steady upward price action.
Whale Activity Ignites Market Interest
Adding further excitement, a whale has recently scooped up 500 billion PEPE—valued at approximately $4.36 million. This massive buy pushes the whale’s total PEPE holdings to 2 trillion tokens worth over $17.4 million.
Large-scale moves like this often serve as a catalyst for market confidence, drawing in both other whales and retail investors who view such activity as a sign of conviction. If momentum continues and this influx of capital persists, PEPE may be poised to shatter its resistance and enter a full-scale rally.
Final Thoughts
With bullish chart patterns, renewed whale accumulation, and strengthening technicals all aligning, PEPE could be on the verge of something much bigger. While nothing in crypto is guaranteed, the signs are clear: the bulls are back, and PEPE might just be gearing up for its next big run.
