PEPE holds above $0.0000115 as analysts cite a repeating rally pattern with a $0.000041 target.
Whale transactions surged 73% while netflows dropped 97%, suggesting accumulation phase.
Liquidity heatmaps show higher price clusters, pointing to potential move toward $0.00001369.
Pepe Coin (PEPE) is trading above key support levels, mirroring patterns from previous rallies. Price movement has shown stability around $0.0000117, suggesting that if current levels hold, a mid-term move toward $0.000041 remains a valid scenario.
Whale Activity and Technical Recovery Suggest Accumulation Phase
Market analysts have observed similarities between PEPE's current setup and past bullish trends. Solberg Invest pointed out that PEPE is “repeating the last rally pattern, bullish if support holds,” with a mid-term target of $0.000041. Price has recovered from recent lows near $0.00001108 and is now testing the breakout range on higher timeframes.
https://twitter.com/SolbergInvest/status/1934317680577626212
On-chain signals reflect growing engagement by large investors. Whale transaction volume surged 73% over the past 24 hours, reaching $141.81 million, suggesting increased positioning. Data from IntoTheBlock shows that whale netflows fell by more than 97%, shifting from distribution to potential accumulation. Historically, such shifts often appear ahead of trend reversals.
PepeCzBinance reported that PEPE has broken out on the 8-hour chart, with the price returning to a previous trading range. The analyst mentioned that a daily close above $0.0000115 could confirm the breakout and support continuation toward higher resistance levels.
Open Interest Growth and Liquidity Clusters Support Price Movement
CoinGlass data shows that PEPE’s open interest increased 5.77%, now standing at $518.73 million. This rise came while trading volume decreased 33.05% to $2.48 billion. This pattern suggests that new positions are opening, but traders are still waiting for a decisive move.
Short liquidations have also increased. In the last 12 hours, $178,700 in short positions were closed, outpacing long liquidations. Liquidity heatmaps show clusters above current price, which may lead to price targeting higher levels like $0.00001369. Analysts maintain that if PEPE remains above $0.0000115, it could trigger a push toward the $0.000041 target.
The post PEPE Repeats Last Rally Pattern as Analysts Target $0.000041, Support Holds Above $0.0000115 appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
