Pepe Coin has been on the agenda as one of the most popular projects of the breast coin market. Despite recent price decreases, technical analysis and whale purchases show that a new rise for this breast Coin is at the door. Especially on April 1, the gigantic 492 billion units turned the attention of investors to this subcoin. So, Could Pepe Coin really prepare for a 140 %rally?
Pepe Technical View: What does the falling wedge formation tell?
Although Pepe Coin suffered a depreciation of up to 15 %in recent weeks, it has survived above the critical support level. At the level of $ 0.000000740, it shows that the bulls are still in the game. In particular, the price graph, which moves within the falling wedge formation, points to a harsh rise in a possible frustration.
According to analysts, in case of an upward output from this formation, the price of Pepe may increase by 130 %to 140 %. This possibility is a common signal of both technical indicators and market behavior.
Whale purchase stimulate the market
On April 1, 2025, a full 492 billion pepe was purchased through a newly created wallet. This process corresponds to a value of approximately $ 3.74 million. A purchase of this scale indicates that there is a serious demand in the market.
After this big transaction, attention focused on the Pepe on the market. If this whale purchase continues and small investors start to take positions, a chain rise in Pepe price may be seen.
Pepe: If critical resistors are exceeded, rise may begin
The price is currently traded at $ 0.000000746. Although a 3 %decrease in this level has been experienced, the $ 0.000000700 level acts as a strong support. If this level is maintained, the upward movement can be opened.
Investors should pay attention to resistance levels, especially $ 0.000001 and $ 0.0000015. If these levels are exceeded, the price is possible to reach up to $ 0.000002. This indicates an increase of approximately 161 %compared to the current price.
What do the indicators say? Can the rise begin?
Technical indicators also offer promising signals. In particular, Awesome Oscillato (AO) shows a positive momentum. On the other hand, the MACD indicator gives bull signals in the short term. The convergence of moving averages shows that the price is preparing to change direction.
As Kriptokoin.com, as we mentioned in the article, if Pepe manages to break the resistance points with these indicators, it can offer investors an important profit opportunity. However, in order to realize this scenario, the general market appearance must remain positive.
