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Pepe Coin Price Eyes Bullish Breakout Amid Whale Accumulation and Golden Cross Pattern

The price of Pepe Coin (PEPE) is showing signs of a potential bullish breakout as whale accumulation intensifies and the token approaches a critical technical milestone—a golden cross pattern. This surge comes amidst a broader crypto bull run, with the total cryptocurrency market capitalization nearing $3.5 trillion.

Pepe Coin Rebounds with Whale Accumulation

Pepe Coin has seen a remarkable recovery, climbing to $0.00001450, which marks a 175% increase from its lowest point in April. A key driver of this rebound is the growing accumulation of PEPE by large holders, or “whales.” Recent data reveals that wallets holding between 10 million and 100 million coins now collectively control over 4.02 trillion PEPE, up from 3.9 trillion in February.

Similarly, whales holding between 1 million and 10 million coins have increased their holdings to a record 517 billion PEPE. This trend signals growing investor confidence and optimism about the token’s long-term potential. Whale accumulation often precedes significant price movements, making it a critical indicator for traders and investors alike.

Rising Number of Holders and Long-Term Indicators

The total number of Pepe Coin holders has also seen steady growth. As of now, there are 437,000 unique addresses holding PEPE, up from 370,000 at the beginning of the year. Notably, this increase occurred even during a bearish phase in the first quarter, highlighting sustained interest in the token.

Another bullish indicator is the surge in the Mean Dollar Invested Age (MDIA). The 365-day MDIA, which measures the average age of dollars invested in a cryptocurrency, has risen from 57 in January to 143 currently. A rising MDIA suggests that long-term holders are retaining their positions, further reinforcing the bullish case for PEPE.

Shift Toward Self-Custody

Pepe Coin is also benefiting from a growing trend toward self-custody among investors. Exchange netflow data, which tracks the difference between token inflows and outflows on exchanges, has remained negative in recent weeks. This indicates that more investors are moving their PEPE tokens off exchanges, likely signaling reduced selling pressure and increased confidence in the token’s future prospects.

Golden Cross Pattern Signals Potential Upside

From a technical perspective, Pepe Coin is nearing a significant milestone. After bottoming at $0.0000052 in March, the token has surged to $0.00001455. It is now trading around the 50% Fibonacci retracement level, a crucial resistance point that needs to be breached for further upward momentum.

The token is also approaching the formation of a golden cross, a bullish pattern that occurs when the 50-day moving average crosses above the 200-day moving average. The gap between these two averages has narrowed significantly, suggesting that the crossover could happen soon. If the golden cross forms and PEPE breaks above the critical resistance at $0.00001535, it would confirm a breakout.

Price Targets for Pepe Coin

Should the golden cross materialize and the breakout occur, analysts predict that Pepe Coin could rally toward a new all-time high of $0.00002835. This would represent a 94% increase from the current price, offering substantial upside potential for investors. However, traders should monitor key resistance and support levels closely to confirm the breakout.

As Pepe Coin continues to gain traction, its growing holder base, increasing whale activity, and promising technical indicators suggest it could maintain its upward trajectory in the near term. Investors are advised to remain vigilant and consider both market trends and technical patterns when making investment decisions.

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