The meme coin PEPE is once again in the spotlight. Its number of holders recently surpassed 463,000, signaling growing interest from both retail investors and large players. This milestone comes as meme coins experience renewed momentum, particularly within the Ethereum ecosystem.
Rising user activity, along with bullish technical and on-chain indicators, suggests PEPE may be gearing up for a significant price move. At the time of writing, the token is trading around $0.00001252, up approximately 1.68% in the past 24 hours.
🔹 Technical Pattern Hints at Breakout
A classic bullish cup-and-handle pattern has formed on PEPE’s daily chart. The price is currently hovering just below the key resistance of $0.00001580. If this neckline breaks, analysts believe the token could rally toward $0.000030.
The Directional Movement Index (DMI) supports the bullish case — +DI stands well above -DI, and the ADX reading of 23 signals an emerging trend with room to strengthen. These indicators hand the advantage to the bulls.
🔹 Derivatives Market Confirms Bullish Momentum
PEPE is also showing strength in the futures market. Trading volume has surged by over 60% to $3.67 billion, and open interest has climbed 8.2% to $705 million. Funding rates remain positive, indicating a dominance of long positions — bets on price appreciation.
This behavior reflects increasing trader confidence. Longs are willing to pay a premium to maintain their positions, reinforcing the overall bullish sentiment.
🔹 Whale and Retail Activity Ramps Up
On-chain metrics show a major uptick in activity. New addresses have risen by 39%, active addresses by 38%, and wallets with zero balance have jumped by over 42%, indicating high turnover and fresh interest from smaller investors.
Meanwhile, whale interest is also growing — large transactions are up by 6.6%, signaling strategic accumulation by big players. Historically, coordinated growth in retail buying and whale inflows has preceded major rallies.
🔹 What’s Next?
PEPE is well-positioned for a potential breakout — with technical charts, rising derivatives demand, and user activity all pointing to upward momentum. However, it must close decisively above $0.00001580 to confirm the cup-and-handle pattern.
🔹 If successful, the price could rapidly climb toward $0.000030.
🔹 If momentum fades, short-term consolidation could follow.
Traders should closely watch rising volume and holder growth as confirming signals. These factors may ultimately determine whether PEPE embarks on its next explosive rally.
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