Introduction
The popular PEPE memecoin might be getting ready for a big price jump. Recently, its price pattern formed an inverse head and shoulders, a well-known sign that suggests a bullish reversal—meaning the price could go up. If things continue in this direction, PEPE could increase by 23% and reach $0.000012. However, Whales are changing how much they buy and sell, and fewer people are trading PEPE. This makes it unclear if it will actually rise as expected.
PEPE’s Price Breakout and What It Means
PEPE’s price movement has created an inverse head and shoulders pattern, which usually happens before a price increase. In this pattern, the left and right shoulders show that buyers are stepping in at higher prices, while the head is the lowest point, where buyers start pushing the price back up.
Recently, PEPE broke through the $0.00001 level, which means that it has confirmed its bullish trend. If the momentum continues, $0.000012 is the next big target. This level is important because it has acted as a stopping point for price increases in the past. If PEPE stays above this level, it might continue rising. But if it falls back down, traders will look for support at $0.0000095 or $0.000008, where buyers have stepped in before.
Whale Activity and Market Trends
PEPE is influenced by whales, or large holders who buy and sell big amounts of the coin. Recently, whale activity has been inconsistent, making it unclear whether they will help push PEPE’s price up or down. Over the past 7 days, whale purchases have dropped by 45.77%, showing that fewer big investors are buying PEPE right now. However, looking at the last 30 days, whale buying has actually increased by 103.64%, meaning there was strong interest just a few weeks ago. The 90-day data, however, tells a different story, with whale holdings down 155.09%, suggesting that some have been selling their PEPE over time.
Network Activity Decline Raises Price Concerns
Another thing affecting PEPE’s price is that fewer people are trading it right now. The number of new wallets created to buy PEPE has dropped by 31.72%, meaning that fewer new investors are joining the market. Also, the number of active traders has fallen by 50.72%, showing that many people who used to trade PEPE are now doing less. However, one positive sign is that the number of zero balance addresses (wallets that have sold off all their PEPE) has dropped by 63.73%, meaning that selling pressure is low. This could help stabilize PEPE, but it may not be enough for a strong rally unless trading activity increases again.
Conclusion: Will PEPE’s Price Keep Rising or Fall Back?
PEPE’s inverse head and shoulders breakout suggests that it could increase by 23%, with $0.000012 as the next major target. If big investors keep buying and more people start trading again, PEPE could continue its upward movement. However, whale activity is uncertain, and fewer people are trading PEPE, which could slow down its momentum. If traders lose interest, it may fall back to lower support levels before making another attempt to rise. For now, PEPE is at a critical moment, and traders are waiting to see whether it can hold its breakout or face a pullback.
