Pepe Coin (PEPE) Price Prediction & Analysis: 40% Upside Move Incoming?

TLDR

Pepe coin price is up 35% from its yearly low, reaching $0.000070 Exchange outflows show investors moving tokens to self-custody Technical analysts have identified an inverse head and shoulders pattern Multiple bullish patterns including double-bottom and falling wedge formations are visible Several analysts predict a 40-60% price increase following a breakout above $0.0000075

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Pepe coin is showing signs of a potential bullish breakout, according to recent price action and technical analysis. The meme coin is currently trading at $0.000070, marking a 35% increase from its lowest point this year. This price level gives Pepe a market cap of about $2.9 billion.

Pepe Price on CoinGecko

Data from blockchain analytics firm Nansen reveals that investors are increasingly moving their Pepe tokens from centralized exchanges to self-custody wallets. Exchange holdings of Pepe have dropped to 240.15 trillion tokens, down 1.21% from the previous week.

This movement of tokens away from exchanges is often seen as a positive indicator. When investors withdraw crypto from exchanges, it typically means they plan to hold rather than sell their assets in the near term.

Technical analysis of PEPE’s price chart reveals several bullish patterns forming. One of the most notable is an inverse head and shoulders pattern on the hourly chart. This pattern has been developing since the beginning of the month.

A possible inverse head and shoulders on $PEPE

A break of the neckline could trigger a 30% rally 🚀 pic.twitter.com/UqZ4zg0nwb

— Trader Edge (@Pro_Trader_Edge) March 17, 2025

Trading experts consider the inverse head and shoulders to be one of the most reliable bullish reversal patterns. A sustained break above the neckline at $0.0000075 could trigger further gains.

Some analysts are setting price targets as high as 40% above current levels following a successful breakout. This would push Pepe toward the $0.000010 psychological level.

The daily chart reveals additional bullish formations. Pepe has created a double-bottom pattern at $0.00005920, consisting of two down peaks and a neckline at $0.00002827.

Another technical indicator supporting the bullish case is a falling wedge pattern. This setup is defined by two descending and converging trendlines and often precedes an upward price breakout.

Both the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) indicators have formed bullish divergences. This happens when an asset’s price falls while these oscillators rise.

Futures market data from Coinglass shows increased trading interest in Pepe. The open interest in Pepe futures contracts has risen by over 8% to $237.90 million recently.

Trading volume in Pepe derivatives has also jumped by nearly 16% to $627.05 million. This increase in trading activity often precedes major price movements.

Analyst “CryptoELITES” believes Pepe may have already bottomed at $0.0000069834. The current price is trading above this level, which the analyst interprets as confirmation of an upward trend.

At the time of reporting, Pepe briefly reached an intraday high of $0.000007582, temporarily breaking above the key neckline resistance. However, it has since pulled back slightly.

Another analyst known as “World of Charts” echoed the bullish sentiment. They predict a 50-60% price increase following a successful breakout above the $0.000007 resistance level.

$Pepe #Pepe Breaking Crucial Area, Expecting 50-60% Bullish Rally After Successful Breakout. pic.twitter.com/KcwEvHRRuX

— World Of Charts (@WorldOfCharts1) March 17, 2025

It’s worth noting that if Pepe falls below its year-to-date low of $0.0000053, the bullish outlook would be invalidated. Traders should monitor this level as a key support.

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