The price of Pepe (PEPE), a popular meme coin, demonstrates signs of a potential breakout. Current technical and on-chain data suggest a possible 130% increase.
Technical Setup Points to 130% Upside
Over the past several months, PEPE has been consolidating within a symmetrical triangle, which often precedes powerful breakouts. Currently, the coin is trading just above a key demand zone between $0.00000913 and $0.00000973, which has repeatedly served as a launchpad for recoveries within the triangle structure. If PEPE manages to hold this zone, analysts see the potential for a 130% rebound, with near-term resistance levels at $0.00001081, $0.00001160, and $0.00001273. A break above these hurdles could clear the path toward a breakout target of $0.00002100.
Accumulation Signals: $19M Exchange Outflows
On-chain data presents a similarly bullish picture. Analytics indicate that approximately $19 million worth of PEPE has been withdrawn from exchanges. Such large-scale outflows typically signal accumulation by holders rather than distribution, as tokens are moved into self-custody and taken out of circulation. This reduction in exchange supply means fewer coins are available to meet demand if buying pressure increases, which historically signals possible supply squeezes leading to price increases.
Prospects and the Pepe (PEPE) Market
The convergence of technical compression and bullish on-chain signals suggests that PEPE may be nearing a decisive move. As long as the demand zone around $0.00000913–$0.00000973 holds, the probability of an upward breakout increases. If market momentum builds, the meme coin has the potential to climb as much as 130%, solidifying its status as one of the most closely watched assets in the current crypto market.
The price of Pepe (PEPE) showcases significant potential for growth based on technical and on-chain data. Successful maintenance of current demand levels could lead to a breakout and strengthen the token's position in the market.
