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$PEPE price trend targets $0.000010 as a falling wedge breakout rally sees a surge in whale holdings.
With a bullish recovery in the crypto market, the meme coin market segment has reached a valuation of $56.48 million. Following the recent short-term recovery, Pepe registered a 7-day growth of 13.34%.
However, over the last 24 hours, the meme coin has dropped by nearly 2%. Trading at a market price of $0.000008591, will Pepe rise to the $0.0000010 psychological mark?
$PEPE Price Trend Eyes $0.000010 Mark
On the daily chart, $PEPE’s price action reveals a bullish breakout from a falling wedge pattern. This signals a quick V-shaped reversal challenging the 50-day EMA at $0.000008844.
Over the past 24 hours, $PEPE’s price reached a high of $0.000009242. However, the higher price rejection resulted in a failure to sustain dominance over the 50-day EMA line.
Currently, the breakout rally faces rejection from the dynamic resistance, making it difficult to reach the $0.000010 psychological mark. However, the short-term recovery has led to four consecutive bullish candles, indicating strong bullish support.
While the 50, 100, and 200-day EMA lines maintain a negative alignment, the short-term recovery has resulted in positive growth in the MACD and signal lines. As a result, the momentum indicator continues to show gradual growth in the bullish trend.
As the falling wedge breakout rally challenges the 50-day EMA line, the bull run is likely to face the next resistance at the 23.6% Fibonacci level, near the $0.000010 psychological mark. Optimistically, a broader market recovery could propel $PEPE prices to $0.000013344.
On the flip side, the crucial support for Pepe remains at $0.0000060, followed by the $0.0000050 psychological support.
Early $PEPE Investor And Whales Load Up $PEPE
Amid the possibility of a bullish continuation, Qianbaidu.eth, an early Pepe investor, recently withdrew 506.2 billion $PEPE, worth $4.4 million. The whale currently holds nearly 700 billion $PEPE, valued at $5.11 million.
The investor has a floating profit of $164K and has previously booked a profit of $7.34 million.
qianbaidu.eth, an early $PEPE buyer who once made a $7.34M profit (+110%), withdrew 506.2B $PEPE ($4.4M) from #Binance ~10 hours ago!
Now, the whale holds 699.8B $PEPE ($5.11M), with a floating profit of $164K (+2.8%).
Follow @spotonchain and track the whale’s two active… pic.twitter.com/8NRljYTIBs
— Spot On Chain (@spotonchain) March 27, 2025
As an early investor returns to the market, whale holdings are experiencing a significant surge.
Since early March, the balance of holdings from 1 trillion to 10 trillion $PEPE has increased from 131.81 trillion $PEPE to 152.01 trillion $PEPE. This significant growth over the past month signals increased confidence among Pepe investors.
