PEPE price prediction: Factors such as whale accumulation and reduced CEX supply make a strong push, expected to challenge $0.00003.

Recently, the Meme coin PEPE has attracted widespread attention in the crypto market, with its price soaring nearly 20% in a short period before entering a consolidation phase. This rise is mainly driven by large-scale Whale accumulation, a decrease in the supply of tokens on exchanges, and a bullish technical pattern. Analysts believe that if this momentum can be sustained, PEPE is expected to challenge a higher price target of $0.00003 in the coming weeks.

Whale activity drives price surge

The price of PEPE coin has recently experienced a significant pump, soaring nearly 20% in just one day, reaching a high of 0.00001252 USD. This rise is primarily driven by large-scale Whale trades. On-chain data shows that a wallet associated with a mainstream CEX recently acquired 1.52 trillion PEPE tokens, valued at approximately 16 million USD, while other large holders collectively transferred 11.75 trillion PEPE tokens worth about 160 million USD. These large purchases are often seen as indicators of market confidence in the long-term potential of the asset.

Technical Analysis and Market Dynamics Support Rise

From a technical perspective, PEPE has successfully broken through its descending channel and formed a double bottom pattern, indicating that market sentiment may shift. If the price can stabilize above the current resistance level of 0.0000130 USD, it may rise further to 0.0000160 USD. The next key target is 0.0000220 USD, and it may eventually challenge 0.00003 USD. Additionally, the net outflow of exchange tokens has significantly decreased, which means the supply of tokens available for sale has diminished, further intensifying bullish pressure.

Currently, the market is in the "Altcoin Season," where capital is rotating from Bitcoin to riskier and higher-return altcoins. The latest "Altcoin Season Index" has risen from 29 a month ago to 71-78, indicating that market sentiment is actively shifting.

Future Outlook and Community Power

The rise in PEPE's price is supported by whale activity, low exchange liquidity, and a bullish technical pattern, demonstrating a positive outlook for its future. Although market volatility is inevitable, the growing demand and managed buying behavior are expected to drive the Token towards higher levels of 0.00003 dollars in the near future.

In addition, PEPE's strong community consensus and token burning mechanism provide additional support. Although its total supply of 420.69 trillion remains unchanged, the ongoing burning mechanism in transactions and the community's steadfast support make PEPE one of the most followed meme coins in today's crypto market.

Conclusion

The recent explosive rise of PEPE is a typical example of how Meme coins can achieve remarkable growth due to a combination of technical factors, on-chain data, and favorable macro market conditions. This indicates that under appropriate market conditions, even Meme coins have significant growth potential. Nevertheless, the inherent high volatility of Meme coins means that potential returns come with risks, and investors need to remain cautious while chasing high returns.