Key Insights:
- Pepe Coin’s price has stabilized near a key historical demand zone, signaling potential for accumulation.
- An MACD bullish crossover suggests that PEPE is gearing up for a potential rally, with resistance at $0.00001027 as a key target.
- Nearly $17 million in outflows from exchanges in the past week strengthens the view that long-term investors are accumulating PEPE.
Pepe coin (PEPE) has remained under pressure despite signs of investor repositioning in the market. Recent data from exchanges highlights that holders are quietly moving tokens off trading platforms, a key signal of accumulation. This shift suggests that investors are preparing for a potential phase of long-term accumulation, which could pave the way for significant price movement. However, PEPE’s price continues to trade within a descending channel, though it has recently stabilized near a key demand area.
The price of PEPE has been trapped within a descending channel since mid-June, indicating a sustained period of selling pressure. However, the coin’s recent price action shows signs of stabilization around the $0.000007 mark, a level that has historically acted as strong support. Over the past weeks, PEPE has traded between $0.0000063 and $0.0000075, with the lower boundary briefly breached but quickly reclaimed. This price behavior suggests that buyers are defending this range, indicating potential accumulation.
Bullish Indicators Start to Emerge
On the daily chart, the MACD (Moving Average Convergence Divergence) indicator has crossed above its signal line, which is often seen as a sign of a bullish shift. A sustained break above the $0.00001027 resistance level could trigger a rally toward higher price targets of $0.00001267 and $0.00001476. If PEPE manages to maintain its momentum, a 180% surge to $0.000020 becomes a plausible scenario, supported by both technical indicators and historical price action.
Recent data reveals that PepeCoin has seen nearly $17 million in net outflows from exchanges in the last seven days, continuing a strong multi-week trend. This outflow trend reflects a reduced selling pressure in the market, with long-term investors holding their positions. Such outflows indicate tightening circulating supply, which could further amplify price movements once buying activity intensifies. This continued trend of outflows supports the view that PEPE is in an accumulation phase, with long-term investors positioning themselves for a potential breakout.
Accumulation Zone Could Lead to Strong Reversal
The price action within the $0.0000063–$0.0000075 range is similar to past cycles, where sharp reversals began from similar baselines. As the coin continues to absorb at these levels, the market sentiment appears to be shifting toward a more bullish outlook. The combination of positive technical indicators, historical support levels, and consistent outflows from exchanges suggests that Pepe Coin may be preparing for a breakout.
