Pepe Coin Slides but Signals Hint at a Potential Rebound

Pepe Coin is facing tough market conditions, with its price falling to $0.00001042 — over 36% down from its May peak and more than 60% below its all-time high.

The slump has wiped out roughly $5.7 billion in value. Yet, a closer look at technical patterns and on-chain data suggests a recovery might be brewing.

Technical Indicators Support a Bullish Setup

Despite the sharp decline, Pepe has formed a bullish double-bottom pattern near $0.0000057, a formation that often precedes a breakout. The recent pullback appears to be testing the neckline around $0.00000925, signaling a classic “break-and-retest” move — a bullish continuation structure.

Adding to the optimism is the emergence of a flag formation on the daily chart. If this pattern plays out, the projected price target could stretch to $0.00002250, implying a potential 116% gain. However, a drop below the $0.00000925 support would invalidate this scenario and could send the price back toward $0.00000574.

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Whales and Investors Are Accumulating

On-chain data reveals that large holders have increased their Pepe stakes by nearly 400 billion tokens in the past month. At the same time, exchange balances have dropped by 2.1%, suggesting investors are moving their holdings into self-custody — typically a sign of long-term confidence.

Futures Market Reflects Renewed Interest

Futures activity around Pepe Coin is also heating up. Open interest recently climbed to $537 million, marking a strong recovery from earlier lows. Meanwhile, the funding rate remains positive, indicating that traders expect the price to rise.

While the market remains volatile, the combination of bullish chart patterns, whale accumulation, declining exchange balances, and surging derivatives activity could provide the momentum needed for Pepe to stage a comeback.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.