Pepe Coin (PEPE) Price Prediction: Will the Memecoin Breakout?

The memecoin, which had previously plunged over 60% from its yearly high, is now displaying compelling technical indicators and strong on-chain signals

Memecoin pepe price is up over 60% from its yearly low and is now showing strong technical and on-chain indicators that could propel it to new highs.

Harmonic Pattern Suggests 25% Upside

Technical analysts are currently spotting a Gartley harmonic pattern forming on the pepe coin price chart. This classical technical setup suggests a potential short-term rally, with the target zone placed around the $0.00000958 level. From the current price levels, this move could bring an upside of about 25%.

PEPEUSDT is showing signs of a bullish breakout, with potential gains of up to 800%, though a final shakeout may occur before the next major move.

PEPE’s price recovery began after it rebounded from a low of $0.000005860 and established strong support. The coin is now trading within a bullish structure, including a falling wedge pattern—an indicator that often precedes upward momentum.

According to analysis, this price action completes the CD leg of the harmonic pattern, with resistance aligning near the 78.6% Fibonacci retracement of the prior move.

Is Apex Institutional Accumulation Key to Next Breakout?

Another major driver behind the optimistic pepe price prediction is whale activity. Recent on-chain data shows a substantial drop in exchange-held supply—from 45% in November to just 26.6% currently, indicating increased self-custody and long-term holding by investors.

Moreover, notable addresses, or whales, have been accumulating large amounts of PEPE. In November, these whales held around 131 trillion tokens. However, recent data from aggregator Apex Institutional shows a significant increase, with these addresses now holding approximately 172 trillion tokens.

Such accumulation patterns are often viewed as early signals of a price rally. Large investors tend to act ahead of market shifts, and their growing interest in crypto pepe coin supports the case for upward movement.

Short-Term Risks Despite the Strong Signals

Despite the bullish indicators, there are some short-term risks to consider. PEPE is currently consolidating between $0.00000760 and $00.00000800, with the price being rejected several times from the upper boundary.

Also, the daily candle formations are showing indecision, with the presence of long wicks suggesting active selling pressure.

Volume trends also present a mixed picture. While PEPE saw a 24-hour volume above $531 million—a 55.87% increase—there have been periods of low activity. Analysts caution that low volume during price climbs can signal weak buying momentum, making rallies more vulnerable to reversals.

Furthermore, a recent death cross on the short-term moving averages and a negative funding rate of -0.0097 suggest some lingering bearish pressure. The Accumulation/Distribution (A/D) indicator is also showing a distributive phase, adding to the short-term risks.

Key Levels to Watch on the PEPE Price Chart

As of now, PEPE is trading above the 200-day EMA around $0.00000700—a level that has acted as reliable support in past corrections. If the coin breaks above the critical $0.00000800 resistance on strong volume, technical indicators suggest the next targets at $0.00000890 and ultimately $0.00000958.

If the breakout fails, we could see PEPE testing lower levels of support at $0.00000714 and $0.00000680. These levels will be crucial in maintaining the bullish momentum.

What Next For The PEPE Price Today?

The combination of whale accumulation, bullish chart structures, and improving sentiment presents a promising outlook for PEPE in the long term.

However, there are still some risks to consider, especially around the $0.00000958 resistance zone, where we could see a final shakeout before the next major move.

Despite the broader crypto market sentiment being one of caution, pepe coin news has been heating up due to improving technical foundations and increasing institutional interest.

Unless the existing trends reverse and the break above $0.00000958 doesn’t hold, PEPE may set a new mid-term trajectory and recover the lost territory from its yearly high.

News data source: kdj.com

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