PEPE forms a golden cross as bullish momentum builds, signaling potential long-term uptrend.
Top 100 holders now own 304T PEPE, while exchange balances drop, showing strong accumulation.
PEPE trades in a tight range; a break above $0.00000945 could target $0.00001120 in near term.
PEPE is currently trading at $0.000009266, supported by strong on-chain signals and technical chart structure. The memecoin has now formed a golden cross, with the 50-day moving average moving above the 200-day moving average. This technical pattern is often considered an early indicator of a long-term bullish trend.
Golden Cross, Whale Accumulation, and Falling Wedge Support Recovery Outlook
According to an observation by PepeCZBinance, the golden cross confirms a strong underlying shift in momentum for PEPE. This crossover generally appears at the start of a new upward cycle and is gaining attention across the crypto trading community.
https://twitter.com/PepeCZBinance/status/1939186490396848603
Meanwhile, a falling wedge pattern has formed on the daily chart, typically preceding breakouts to the upside. Analysis prepared by Crypto-RyGuy indicates that if PEPE breaks this wedge to the upside, the token could retest levels around $0.0000139. However, the current price must remain above $0.00000832 to support this bullish outlook.
Whale activity supports this trend, with data showing the top 100 PEPE addresses now hold approximately 304 trillion tokens. Exchange balances have decreased by 2.3% in the past 30 days, indicating that large holders are accumulating rather than selling.
Market Indicators Show Strength as Volatility Prepares to Expand
According to TradingView data, PEPE has entered a phase of consolidation between near-term support at $0.00000883 and resistance at $0.00001007. Bollinger Bands have narrowed, which often leads to strong directional movement once a breakout occurs.
RSI is at a level of about 44.70, which indicates no aggressive range and has an upward potential. MACD lines are coming together below the signal line indicating weak bearish force but it is also hinting to the possibility of rising bullish pressure. In case the volume grows and the price breaks $0.00000945, the token may proceed to reach the price of $0.00001050 and $0.00001120.
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