Cash News
- Pepe has entered a new accumulation phase, where investors steadily increase their holdings in anticipation of a major rally.
- Despite signals that a rally could be imminent, on-chain data shows that active addresses still need to commit to buying fully.
In the past month, PEPE has stood out among memecoins, recording a 30.13% gain. Recently, it has continued its positive trajectory with an additional 3.90% increase.
The potential for further gains is significant, with projections suggesting PEPE could trade as high as $0.00001725—representing a potential 60% increase from its current price.
Double bullish pattern could trigger PEPE’s rally
PEPE has formed another bullish technical pattern and is currently trading within a symmetrical triangle—a continuation of the breakout from a larger symmetrical triangle formed earlier.
This new formation signals that PEPE has entered another accumulation phase, with buyers gradually increasing their holdings in anticipation of a potential rally.
If a confirmed breakout from this pattern occurs, the next price target for PEPE would be $0.00001725, the peak of the previous symmetrical triangle. Otherwise, PEPE will keep trading within the symmetrical pattern for longer.
Source: Trading View
According to AMBCrypto’s analysis, technical indicators suggest a breakout from this accumulation phase is imminent.
PEPE breakout appears imminent
The Accumulation/Distribution (A/D) indicator, which tracks whether traders are buying or selling, shows that PEPE is in a buying phase.
This is confirmed by an upward movement in the A/D line, signaling accumulation, and bullish sentiment in the market. Such activity could drive the price toward the next target.
Further supporting this trend is the Relative Strength Index (RSI), which has started to rise, indicating strong buyer presence. With a current reading of 59.41, the RSI suggests that buyers are gaining control, pushing PEPE deeper into bullish territory.
Source: Trading View
The RSI measures the speed and direction of price movements, and its upward trend typically signals continued strength in the asset’s price.
Sharp decline in active addresses may stall PEPE’s breakout
According to data from IntoTheBlock, the number of active addresses (AA) interacting with the memecoin has dropped by 7.89% over the past week.
Realistic or not, here’s PEPE’s market cap in BTC’s terms
The AA metric measures trader engagement with an asset and a decline like this indicates reduced buying activity despite the bullish trajectory.
Source: IntoTheBlock
This decrease in active participation suggests that the anticipated breakout may be delayed or lack the strong momentum needed to drive significant price movement.