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- PEPE is showing bullish structure with potential growth from $0.00001034 to $0.00003381, a 227% rally.
- Strong market-wide support and higher lows suggest PEPE’s correction may be ending soon.
The current price of PEPE doesn’t look particularly exciting. It’s still trading near $0.00001034. But don’t be too quick to close the chart, because if analyst Master Ananda’s technical projections are correct, there’s a strong chance this coin will surge up to 227%, with a medium-term target of around $0.00003381.
This rise isn’t just baseless analysis; there’s a supporting structure, and market signals are beginning to point to one point: a potential bullish reversal.
In terms of price patterns, PEPE recorded a strong increase in late 2024, then corrected in early 2025. Lows began to appear between March and April, then the price formed a new high in May, a higher low in June, and a further rise in July.
Now, the price has retreated again. But interestingly, the low remains higher than the previous one. Ananda sees this as a solid foundation and a strong reason that the potential for a deeper decline is unlikely. In fact, he says the current correction is almost over.
On the other hand, volume appears to be getting quieter. For some traders, this is actually a golden opportunity. According to Ananda, even if downward pressure persists, there may be just one last flash crash before a major reversal begins. And usually? It’s immediately green the next day.
Arthur Hayes Sells Big, Market Reacts Cautiously
However, Arthur Hayes, former CEO of BitMEX, sold approximately 38.86 billion PEPE tokens worth over $414,000 on August 1st. This move caused the PEPE price to drop 4% in one day. This occurred shortly after Hayes warned about macroeconomic risks, including a potential credit contraction and the impact of new US tariffs.
From a technical indicator perspective, the picture remains unclear. The 14-day Relative Strength Index (RSI) is currently at 34.91—slightly approaching the oversold zone, but there are no strong reversal signals yet. The MACD histogram is also still in the negative range, at -0.00000040, indicating that bearish pressure remains dominant.
But on the other hand, there has been significant accumulation prior to this. The CNF reported that at the end of May, several whales accumulated trillions of PEPE tokens, worth a total of around $27.9 million. That’s no small amount and could be part of a stealthy strategy that will see results in the coming weeks.
Furthermore, on May 23, a whale nicknamed “ETH RSI Band Whale” reportedly purchased over $2 million worth of PEPE—an amount equivalent to approximately 141.5 billion tokens.
PEPE Consolidates Quietly, But a Surge May Be Coming
It’s not just the price pattern that’s promising. The current PEPE chart structure still shows a bullish pattern after a trend reversal since March. The price has indeed been sideways for the past few weeks, but this pattern often serves as a consolidation phase before a sharp price rally.
Interestingly, the price action is occurring above a strong support area established in March and June—and this is usually not an easily broken zone.
Of all this, one thing stands out: if PEPE can break through the $0.00002345 level, which is technically in the 0.786 Fibonacci zone, the opportunity to reach $0.00003381 is wide open.
