Pepe Coin (PEPE) Price Prediction: Targeting 60% Upside as Whale Accumulation Fuels Breakout

After bouncing back from key support levels, PEPE now targets an over 60% price surge, driven by technical patterns, growing whale accumulation, and renewed

Pepe coin price is showing signs of a strong breakout, which could be fueled by technical patterns, growing whale accumulation, and renewed community optimism.

What Happened: After bouncing back from key support levels, Pepe coin is approaching a crucial resistance zone that could determine its short-term fate. The recent recovery in the frog-themed cryptocurrency has sparked new life into the coin, with interest surging following a firm bounce from the $0.00000760 zone.

This region, also known as a historical accumulation level, saw large-scale buying activity in January, when the price remained bid throughout.

Afterward, PEPE broke out of a lower-high pattern and is now approaching resistance at $0.00000888, which, if breached, could open the door for a potential breakout rally. The next target in such a scenario would be the $0.00000952 level, with the potential to reach $0.00001080 afterward.

On the 4-hour and daily charts, multiple indicators are aligning with this bullish outlook. The RSI has risen to 50.65, indicating that the currency is gaining momentum once more.

The MACD histogram is narrowing toward neutral territory, which suggests that the bearish pressure is slowing down. The Stochastic RSI has also completed a bullish crossover, which is historically known to precede short-term rallies in the currency.

“The daily close above the Ichimoku Tenkan-sen and Kijun-sen lines would confirm bullish momentum,” technical traders noted, adding that the price cluster between $0.00000816 and $0.00000831 is crucial for confirmation.

Related Link: Why Elon Musk's Involvement Could Be Pivotal For Pepe Coin's Success

Why It's Important: A notable spike in whale activity has further strengthened the positive Pepe coin news cycle. According to blockchain analytics platform IntoTheBlock, PEPE whales—wallets holding between 10 and 100 trillion tokens—have increased their holdings by 24 trillion coins since January.

This brings their total to 144.56 trillion PEPE as of May 7, a 20% rise from the start of the year.

Such a large-scale accumulation by deep-pocket investors is a strong vote of confidence, signaling that the smart money is positioning for a major upward move in the currency, analysts at Coingape noted.

Moreover, open interest in Pepe coin derivatives has soared to $396 million, with a long/short ratio of 1.1177. Out of the current positions, over 52% are long, highlighting a bullish tilt in trader sentiment.

This setup creates conditions for a short squeeze if the price continues upward, potentially accelerating gains rapidly beyond the $0.000010 level.

If the price pulls back from this zone, the next Fibonacci support level is at $0.00000750, offering a cushion for further declines.

However, a failure to break through the neckline could trigger a near-term pullback to the $0.00000750 support level.

Despite the risk, technical traders remain upbeat. So long as the $0.00000700 floor remains intact, the larger structure still tilts in favor of the bulls.

Can Pepe Coin Flip Shiba Inu And Dogecoin: While both Shiba Inu (CRYPTO: SHIB) and Dogecoin (CRYPTO: DOGE) boast market caps in the tens of billions, rendering them significantly larger than Pepe coin, the meme coin's small size could also be a factor in its favor.

With a lower starting point, even moderate gains for Pepe coin could translate into more substantial percentage increases compared to the existing market caps of Shiba Inu and Dogecoin.

To bridge this gap, Pepe coin must expand its community presence. Shiba Inu has 3.9 million followers on X, formerly Twitter, while Dogecoin commands an even larger audience. In contrast, Pepe coin's following sits under 800,000.

Experts say a 4-5x growth in community size could be a game-changer, considering that meme coins are built on culture, visibility, and narrative.

Pepe already has the chaotic charm needed—now it needs scale, one market strategist noted.

At the same time, indirect support from high-profile figures like Elon Musk could be pivotal.

Fans have linked some of Musk's posts, particularly those featuring frog-themed memes, to the project, which could be a factor in boosting the coin's image and recognition.

Combined with aggressive social engagement and viral meme marketing, the coin could ride a wave of sentiment that propels it further up the crypto leaderboard.

Pepe coin is trading at $0.00000