PEPE price trend targets $0.000010 as a falling wedge breakout rally sees a surge in whale holdings.
With a bullish recovery in the crypto market, the meme coin market segment has reached a valuation of $56.48 million. Following the recent short-term recovery, Pepe registered a 7-day growth of 13.34%.
However, over the last 24 hours, the meme coin has dropped by nearly 2%. Trading at a market price of $0.000008591, will Pepe rise to the $0.0000010 psychological mark?
PEPE Price Trend Eyes $0.000010 Mark
On the daily chart, PEPE’s price action reveals a bullish breakout from a falling wedge pattern. This signals a quick V-shaped reversal challenging the 50-day EMA at $0.000008844.
Over the past 24 hours, PEPE’s price reached a high of $0.000009242. However, the higher price rejection resulted in a failure to sustain dominance over the 50-day EMA line.
Currently, the breakout rally faces rejection from the dynamic resistance, making it difficult to reach the $0.000010 psychological mark. However, the short-term recovery has led to four consecutive bullish candles, indicating strong bullish support.
While the 50, 100, and 200-day EMA lines maintain a negative alignment, the short-term recovery has resulted in positive growth in the MACD and signal lines. As a result, the momentum indicator continues to show gradual growth in the bullish trend.
As the falling wedge breakout rally challenges the 50-day EMA line, the bull run is likely to face the next resistance at the 23.6% Fibonacci level, near the $0.000010 psychological mark. Optimistically, a broader market recovery could propel PEPE prices to $0.000013344.
On the flip side, the crucial support for Pepe remains at $0.0000060, followed by the $0.0000050 psychological support.
Early PEPE Investor And Whales Load Up PEPE
Amid the possibility of a bullish continuation, Qianbaidu.eth, an early Pepe investor, recently withdrew 506.2 billion PEPE, worth $4.4 million. The whale currently holds nearly 700 billion PEPE, valued at $5.11 million.
The investor has a floating profit of $164K and has previously booked a profit of $7.34 million.
qianbaidu.eth, an early PEPE buyer who once made a $7.34M profit (+110%), withdrew 506.2B $PEPE ($4.4M) from #Binance ~10 hours ago!
Now, the whale holds 699.8B $PEPE ($5.11M), with a floating profit of $164K (+2.8%).
Follow @spotonchain and track the whale’s two active… pic.twitter.com/8NRljYTIBs
— Spot On Chain (@spotonchain) March 27, 2025
As an early investor returns to the market, whale holdings are experiencing a significant surge.
Since early March, the balance of holdings from 1 trillion to 10 trillion PEPE has increased from 131.81 trillion PEPE to 152.01 trillion PEPE. This significant growth over the past month signals increased confidence among Pepe investors.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
