PEPE has caught the attention of traders as the meme coin nears a critical demand zone, with recent $19 million exchange outflows suggesting accumulation. Weak ADX readings and symmetrical triangle patterns indicate that the recent dip may be just a short-term correction, setting the stage for a potential 130% surge.
PEPE Price Holds Key Demand Zone
After an 11% drop, PEPE is trading around $0.00000963, hovering just above a vital support region at $0.00000913–$0.00000973. This area has historically acted as a springboard for rebounds within the coin’s long-term symmetrical triangle structure.
Traders are watching this zone closely because a rebound here could push PEPE toward new highs. Key resistance levels to monitor:
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First resistance: $0.00001081
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Second resistance: $0.00001160
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Third resistance: $0.00001273
If these are broken, the ultimate bullish target could reach $0.00002100. Narrow Bollinger Bands suggest declining volatility, which often precedes sharp price movements.
Technical Indicators Signal a Shallow Correction
Technical analysis supports a bullish outlook. The Directional Movement Index (DMI) shows mild bearish pressure, while a weak ADX indicates that the downtrend lacks strong momentum. In other words, this is likely a short-term dip rather than a structural breakdown.
Bollinger Bands compression at the demand zone further signals that volatility is low and a rebound could be imminent. As long as support holds, the path to higher prices remains intact, with the potential for PEPE to climb over 130% from current levels.
$19M in Exchange Outflows: Accumulation Underway
On-chain data strengthens the bullish case. According to CoinGlass, roughly $19 million worth of PEPE has been withdrawn from exchanges recently. Such outflows typically signal accumulation rather than selling.
When coins are moved off exchanges into private wallets, circulating supply drops. This creates the conditions for a potential supply squeeze if buying demand increases, giving the bulls an advantage.
The combination of exchange outflows and a tightening chart pattern points to major holders preparing for a breakout. If support continues to hold, PEPE’s upside potential could be significant.
What This Means for Traders
PEPE is showing all the signs of a coin preparing for a strong upward move:
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Tight symmetrical triangle pattern
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Narrow Bollinger Bands indicating low volatility
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Low ADX and mild bearish DMI signals
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Significant exchange outflows pointing to accumulation
Traders should monitor demand zones closely and consider that recent dips may represent buying opportunities rather than warning signs.
FAQs
1. What is PEPE’s current price trend?
PEPE is trading around $0.00000963, holding near a key support zone and potentially preparing for a rebound.
2. How likely is a 130% rally?
If PEPE rebounds from its demand zone and breaks resistance levels, a rally of up to 130% is possible.
3. What do the $19M exchange outflows indicate?
Large outflows suggest accumulation, meaning investors are holding coins in private wallets rather than selling, reducing circulating supply.
4. Which technical indicators suggest a rebound?
A weak ADX, mild DMI bearish pressure, and narrowing Bollinger Bands indicate that the correction is likely shallow, favoring a bullish reversal.
5. What levels should traders watch for resistance?
Key resistance levels are $0.00001081, $0.00001160, and $0.00001273, with a potential breakout target at $0.00002100.