PEPE Coin Price Eyes 60% Rally as Whales Load up 24T PEPE

Pepe Coin (PEPE) price has jumped nearly 9%, surviving the Fed’s meeting and its decision to keep target rates unchanged. Trading at $0.00000837, PEPE is hinting at an extended rally to break $0.000010 with skyrocketing whale holdings in 2025. Will this renewed momentum in the Pepe coin result in a 60% rally to $0.00001465? Pepe Price Surge Targets Cup and Handle Pattern Breakout Pepe coin surged 5.28% on May 7, creating a bullish engulfing candle to complete a morning star pattern. This generally relates to a trend reversal, as seen with the intraday recovery of 2.20%. It concludes the declining trend in PEPE that resulted in a streak of seven consecutive bearish candles. PEPE has surpassed the 23.60% Fibonacci level at $0.00000823 and prepares to challenge the longstanding $0.0000090 resistance. Furthermore, the shift in meme coin’s trend reveals a cup and handle pattern. The reversal in Pepe’s price from $0.00000576 in early April and the recent bounce back complete the pattern. The neckline of the pattern coincides with the $0.0000090 supply zone. A decisive daily candlestick close above the neckline will confirm the breakout from the cup and handle pattern. This breakout rally could propel PEPE to hit a price target of $0.000001465 (61.80% Fib level). The target is calculated by adding the depth of the cup to the breakout point. This aligns with the hopeful Pepe coin price prediction, anticipating a bullish return of the frog-themed meme coin. As PEPE floats above $0.0000075, the Supertrend Indicator signals a sustained bullish outlook. Additionally, the MACD and Signal lines hint at a crossover as bullish momentum resurfaces. Hence, the technical indicators support the upside potential in the Pepe price trend. On the flip side, a failure to exceed the neckline will result in another pullback for the Pepe coin. In such a scenario, the downfall could retest the $0.0000075 mark. Whale Holdings Add 24T PEPE in 2025 Based on IntotheBlock’s Balance by Holding Indicator, the PEPE whale holding (10t to 100t) has increased by 20%. The balance increased from 119.83 trillion PEPE on January 1 to 144.56 trillion on May 7. Such a massive boost in whale holding highlights a strong underlying confidence and increases bull run chances for Pepe. Rising Long Positions Defend Short Liquidation Risk As per Coinglass, the PEPE Open Interest stands at $396 million, and long positions hit 52.78% in the last 4 hours. The rising long/short ratio to 1.1177 suggests a surge of optimism. As seen in the Pepe Liquidation Map, the positional build-up defends the $1.64 million long liquidation risk at $0.00000832. Considering the newfound uptrend prolongs, a $1.12 million short liquidation risk looms at $0.00000843. Hence, as the uptrend continues, a potential surge in short liquidations will fuel the rally in Pepe, increasing the chances of the $0.000010 breakout. Thus, setting the stage for a bullish run toward the $0.00001465 target. Frequently Asked Questions (FAQs) The price surge is fueled by whale accumulation of 24 trillion PEPE in 2025 and a bullish cup and handle pattern forming on the chart. If PEPE breaks the $0.0000090 neckline, it could rally 60% to hit the $0.00001465 level based on the cup and handle breakout projection. Whale accumulation typically signals institutional or large investor confidence. The 20% rise in whale holdings to 144.56T PEPE reflects bullish conviction and often precedes significant price rallies. ✓ Share: Coingape Staff CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article. Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss. Source: https://coingape.com/markets/pepe-coin-price-eyes-60-rally-as-whales-load-up-24t-pepe/