Pepe Coin Dips—But These Bullish Signals Suggest a Comeback Is Coming
Memecoin's bleeding—but the charts whisper 'buy.'
### Oversold or Overdone?
Pepe's latest plunge smells like panic. RSI noses into bargain territory while volume spikes hint at accumulation. Classic reversal setup—if you ignore the 'professional' traders now calling it dead.
### The Frog Lurking in the Liquidity Pool
Whale wallets are moving, exchange reserves thinning. Either the dumb money's fleeing—or smart money's loading up before the next meme cycle. (Spoiler: Wall Street still won’t take your frog-themed gambling seriously.)
### Bottom Line
This isn’t financial advice, but the last time PEPE looked this juicy, it ripped 300% in a week. Just saying.
Technical Indicators Support a Bullish Setup
Despite the sharp decline, Pepe has formed a bullish double-bottom pattern near $0.0000057, a formation that often precedes a breakout. The recent pullback appears to be testing the neckline around $0.00000925, signaling a classic “break-and-retest” move — a bullish continuation structure.
Adding to the Optimism is the emergence of a flag formation on the daily chart. If this pattern plays out, the projected price target could stretch to $0.00002250, implying a potential 116% gain. However, a drop below the $0.00000925 support would invalidate this scenario and could send the price back toward $0.00000574.
READ MORE:Whales and Investors Are Accumulating
On-chain data reveals that large holders have increased their PEPE stakes by nearly 400 billion tokens in the past month. At the same time, exchange balances have dropped by 2.1%, suggesting investors are moving their holdings into self-custody — typically a sign of long-term confidence.
Futures Market Reflects Renewed Interest
Futures activity around Pepe Coin is also heating up. Open interest recently climbed to $537 million, marking a strong recovery from earlier lows. Meanwhile, the funding rate remains positive, indicating that traders expect the price to rise.
While the market remains volatile, the combination of bullish chart patterns, whale accumulation, declining exchange balances, and surging derivatives activity could provide the momentum needed for Pepe to stage a comeback.