Pepe Coin (PEPE) price has jumped nearly 9%, surviving the Fed's meeting and its decision to keep target rates unchanged.

Trading at $0.00000837, PEPE is hinting at an extended rally to break $0.000010 with skyrocketing whale holdings in 2025.

Pepe coin price has jumped nearly 9% to survive the Fed’s meeting and its decision to keep target rates unchanged. This pushes the meme coin towards the $0.000010 resistance.

Pepe Surges 9% As Fed Meeting Fails To Halt Rally

Pepe coin price saw a surge of 5.28% on May 7, completing a bullish engulfing candle to generate a morning star pattern. This generally relates to a trend reversal, seen with the intraday recovery of 2.20%. It concludes the declining trend in PEPE that resulted in a streak of seven consecutive bearish candles.

Further, the meme coin has crossed the 23.60% Fibonacci level at $0.00000823 and prepares to challenge the longstanding $0.0000090 resistance. Moreover, this shift in the meme coin’s trend reveals a cup and handle pattern. The reversal in Pepe’s price from $0.00000576 in early April and the recent bounce back complete the pattern. The neckline of the pattern coincides with the $0.0000090 supply zone.

A decisive daily candlestick close above the neckline will confirm the breakout from the cup and handle pattern. This breakout rally could propel PEPE to hit a price target of $0.000001465 (61.80% Fib level). The target is calculated by adding the depth of the cup to the breakout point. This aligns with the hopeful Pepe coin price prediction, anticipating a bullish return of the frog-themed meme coin.

As PEPE floats above $0.0000075, the Supertrend Indicator signals a sustained bullish outlook. Additionally, the MACD and Signal lines hint at a crossover as bullish momentum resurfaces. Hence, the technical indicators support the upside potential in the Pepe price trend.

On the flip side, a failure to exceed the neckline will result in another pullback for the Pepe coin. In such a scenario, the downfall could retest the $0.0000075 mark.

Chart: pepe price today

Whale Holdings Add 24T PEPE In 2025

According to IntotheBlock’s Balance by Holding Indicator, the PEPE whale holding (10t to 100t) has increased by 20%. The balance increased from 119.83 trillion PEPE on January 1 to 144.56 trillion on May 7. Such a massive boost in whale holding showcases strong underlying confidence and increases bull run chances for Pepe.

Chart: intotheblock

Rising Long Positions Defends Short Liquidation Risk

As per Coinglass, the PEPE Open Interest stands at $396 million, and long positions hit 52.78% in the last 4 hours. The rising long/short ratio to 1.1177 suggests a surge of optimism. As seen in the Pepe Liquidation Map, the positional build-up defends the $1.64 million long liquidation risk at $0.00000832. Considering the newfound uptrend prolongs, a $1.12 million short liquidation risk looms at $0.00000843.

Hence, as the uptrend continues, a potential surge in short liquidations will fuel the rally in Pepe, increasing the chances of the $0.000010 breakout. Thus, setting the stage for a bullish run toward the $0.00001465 target.

Frequently Asked Questions (FAQs)

1. Why is PEPE Coin price rising now?

2. How high will PEPE Coin price go if the rally continues?

3. How does whale activity impact PEPE’s price?