Pepe Coin Eyes New Highs as Bulls Target $0.000022
By: fxleaders|2025/05/11 01:30:06
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Pepe Coin (PEPE) has gone up 60% in the last 4 days and hit a high of $0.00001264. With Ethereum at $2,400, the meme coin is looking to break out to $0.000022. Analysts point to a bullish triangle breakout and whale accumulation as the drivers of this move. Technical Breakout Signals More Upside PEPE just broke out of a bullish triangle, up 137% from the March 11 low of $0.00000525. This move took out the 50% Fibonacci retracement at $0.00001222 and hasn’t been seen since early February. The 1.618 Fibonacci extension at $0.00001116 is now support, so the trend is looking good. But the MACD is starting to flatten out, so we might see a short term pullback. If PEPE can’t get above $0.00001337, a retest of $0.00001116 could be a healthier base for the next leg up. Whale Accumulation Signals Strong Support Whales are adding fuel to the fire. According to IntoTheBlock, big holders have added over 10T PEPE in the last 48 hours, for a total of 144.86T. This level of whale support usually means they expect more price up. Big accumulation like this usually precedes big moves, so this is good for PEPE.r Retail Interest Surges as Binance Sentiment Remains Bullish Retailers are also getting in. Active addresses are up 100% to 5,030 and 1,600 new wallets joined in the last 24 hours. Binance traders are also bullish, with 66% long and the long-to-short ratio at 2. With whale support, retail interest and strong technicals, we could see a run to $0.000022 (161% from breakout). Trade Idea: Setup: Enter long above $0.00001261, target 2.618 at $0.00001337, stop below $0.00001116.
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