The price of PEPE is just above its crucial demand zone at $0.00000913–$0.00000973, a region that has repeatedly acted as a springboard within its symmetrical triangle structure.
The token is positioned for a potential 130% increase, provided it rebounds from the demand zone between $0.00000913 and $0.00000973.
This region has been a consistent launch pad, and the current formation indicates a brief correction test followed by a strong rebound. The initial resistance level is at 0.00001081, the second at $0.00001160, and the third at $0.00001273.
In the event that these levels are broken, the bullish target will be set at the breakout target of $0.00002100. The Bollinger Bands are narrow, indicating decreasing volatility, a precursor to significant movements.
Therefore, this new test of support may be decisive in paving the way for a long-term price prediction for PEPE.
The DMI indicator supports this view, as the -DI line indicates a not very strong bearish pressure, following a weak ADX trend strength indicator. This aligns with the idea of a shallow correction rather than a structural breakout, with buyers holding the key areas.
The combination of the narrowing and the squeezing of the Bollinger Bands at support favors a rebound rather than a further drop. As long as support holds, the breakout roadmap remains in place. Additionally, it has the potential to push the price to new highs above 130%.
The corrective drop, which is supported by the DMI, ADX, and BB indicators, preconditions a bullish reversal, positioning it as one of the leading meme coins.
On-chain exchange data reinforces this view, with $19 million in PEPE withdrawn by the time of this publication, according to CoinGlass analysis. These large outflows often indicate accumulation and not selling pressure.
Tokens that are withdrawn from circulation and put into self-custody reduce the tradable supply. As a result, fewer coins remain to meet potential spikes in demand. In the long term, this practice fosters a situation where supply restriction is likely to occur if buyer interest increases.
The correspondence between exchange outflows and a fitting chart pattern is particularly striking. It indicates that large holders may be preparing for the anticipated upswing.
When the outflows continue and the defended support is in place, the bullish scenario is even more likely. These signals are rarely unfounded, further reinforcing optimism.
The price of PEPE is approaching a crucial demand zone where technical compression and on-chain data coincide. The low ADX value supports the view that the recent bearish movement is more of a correction than a structural move. Along with the outflows of $19 million, the probability of a recovery at support is high. If demand accelerates, PEPE could register the powerful breakout that its chart has been signaling for weeks.
