Pepe Coin has been on a six-day losing streak, but that might soon change. Massive accumulation by whales, rising futures market activity, and bullish technical patterns all suggest that PEPE could be on the verge of a strong comeback.
🔹 Whales are buying the dip: Over 1.1 trillion PEPE tokens scooped up
While small investors hesitate, large holders are quietly loading up. According to Santiment, whale-held PEPE has increased from 147.34 trillion to 148.46 trillion tokens in just a few days — an accumulation of more than 1.1 trillion tokens.
This steady buying implies strong whale conviction that PEPE is undervalued and poised to recover. The MVRV-Z score has also dropped to -0.638, a zone historically associated with major upside moves.
🔹 Futures market signals strength: Open interest on the rise
Another bullish indicator comes from the futures market. According to CoinGlass, open interest in PEPE has risen from $166 million in March to $388 million, reaching its highest level since February.
Higher open interest suggests that new money and liquidity are entering the market, typically a precursor to price rallies in speculative assets like meme coins.
🔹 Technical setup: Double bottom pattern hints at breakout
Technically, PEPE is also showing signs of strength. A double bottom pattern has formed on the daily chart, first at $0.000005683 in March, and again in April. If the price breaks above the neckline at $0.000009210, it could signal a strong bullish breakout.
More significantly, PEPE has formed a larger double bottom around its long-term low of $0.00000056, with a potential target at $0.00002830 — which would represent a 267% rally from current levels.
🔹 Outlook: Bulls in control — for now
If PEPE breaks above $0.0000092, the next logical target is $0.00001465, which aligns with the 50% Fibonacci retracement level.
❗ However, a drop below the yearly low could invalidate the bullish scenario and trigger a decline toward $0.0000038.
📌 Summary:
Despite recent weakness, Pepe Coin shows signs of a potential reversal, driven by whale accumulation, rising futures activity, and promising chart patterns. If momentum continues, PEPE could be set for a solid recovery — though high volatility remains a risk, as is common with meme coins.
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