Pepe Coin (PEPE) is gaining strong bullish momentum, with whale accumulation and technical indicators aligning to suggest a potential breakout rally.
Pepe has jumped 3.84% to trade at $0.00001450, marking a 175% increase from its April lows. The meme coin’s rebound comes amid a broader crypto market surge that has pushed the total market capitalization of digital assets to nearly $3.5 trillion.
Whale Accumulation Points to Growing Investor Confidence
On-chain data shows that whale investors are actively accumulating PEPE, signaling rising confidence in the token’s long-term potential. Specifically:
- Wallets holding 10 million to 100 million coins now control over 4.02 trillion PEPE, up from 3.9 trillion in February.
- Addresses with 1 million to 10 million coins have increased their holdings to a record 517 billion coins.
Whale activity often serves as a leading indicator for bullish momentum, as large holders tend to accumulate before major price moves.
Long-Term Holders Show Strong Conviction
Additional metrics bolster the bullish case. The number of Pepe holders has surged to 437,000, up from 370,000 since the start of the year, even though the token experienced a bearish Q1.
The 365-day Mean Dollar Invested Age (MDIA) has also spiked to 143, up from 57 in January. A higher MDIA reflects aging capital that hasn’t moved, indicating that long-term investors are holding rather than selling—a positive signal for future price action.
Self-Custody Trend Strengthens Bullish Sentiment
Pepe Coin is also riding the wave of self-custody adoption. Data from CoinGlass reveals that exchange netflow has remained negative, suggesting more tokens are being moved off centralized exchanges. This trend typically indicates reduced short-term selling pressure.
Golden Cross Formation Could Trigger Breakout
Technically, Pepe’s chart shows a promising setup. After bottoming out at $0.0000052 in March, the coin has surged and is now hovering near the 50% Fibonacci retracement level.
Even more notably, a golden cross pattern is forming. This occurs when the 50-day and 200-day moving averages cross in a bullish direction. The narrowing gap between the two moving averages signals that the crossover may be imminent.
If Pepe breaks the resistance at $0.00001535, the golden cross would confirm a bullish breakout. Analysts forecast a potential rally toward a new all-time high of $0.00002835, nearly 94% above current levels.
Pepe Coin appears poised for a major move, driven by whale accumulation, increased self-custody, and a favorable technical setup. With sentiment shifting and long-term holders staying put, the conditions are aligning for a possible breakout that could take PEPE to fresh highs in the coming weeks.
