Is the PEPE rise restarting? Whales are frantically accumulating + breakout in formation, PEPE coin price is expected to rise by 60%, is the second wave of the bull run coming?

PEPE coin price reversal forms a bullish pattern. With Whale holdings increasing by 20%, traders are betting that it will break through resistance and rise to 0.00001465 USD.
Pepe Coin (PEPE) has seen its price rise by nearly 9%, remaining strong amid the Federal Reserve meeting and its decision to keep the target interest rate unchanged. The trading price of PEPE is $0.00000837, suggesting that as the Whale holdings surge, its price will continue to rise in 2025, breaking through $0.000010. Will this new momentum for Pepe Coin lead to a rise of 60% to $0.00001465?
PEPE price is soaring, aiming to break through the cup and handle pattern.
On May 7th, PEPE coin surged by 5.28%, forming a bullish engulfing candlestick and completing a morning star pattern. This is usually associated with trend reversals, as indicated by the 2.20% intraday rebound. This ended the downtrend of PEPE and led to the appearance of seven consecutive bearish candlesticks.
PEPE has broken through the 23.60% Fibonacci level ($0.00000823) and is ready to challenge the long-standing resistance at $0.0000090. In addition, the meme coin (meme coin) is showing a cup and handle pattern in its trend. At the beginning of April, PEPE's price retraced from $0.00000576 and has recently rebounded, forming a continuation of this pattern. The neckline of this pattern coincides with the supply zone at $0.0000090.
If the daily chart closes definitively above the neckline, it will confirm the breakout of the cup and handle pattern. This breakout rally may push PEPE to target a price of $0.000001465 (61.80% Fibonacci level). This target price is derived by adding the depth of the cup pattern to the breakout point. This aligns with the optimistic forecast for the price of Pepe coin, anticipating that this frog-themed meme coin will make a strong comeback.
As the PEPE price breaks through $0.0000075, the Super Trend indicator suggests a sustained bullish outlook. Furthermore, the MACD and signal line indicate that bullish momentum will reappear and cross over. Therefore, technical indicators support the rising potential of the PEPE price trend.
On the other hand, if it fails to break through the neckline, PEPE coin will pull back again. In this case, the downtrend may retest the 0.0000075 dollar level.
Whale Holdings' price-to-earnings ratio will increase by 24T in 2025.
According to IntotheBlock's holding balance indicator, the PEPE Whale holdings (10 tons to 100 tons) have increased by 20%. The holding balance rose from 1.1983 trillion PEPE on January 1 to 1.4456 trillion PEPE on May 7. The significant increase in Whale holdings highlights strong potential confidence and increases the likelihood of a Pepe bull run.
Bull positions increase to resist short liquidation risk
According to Coinglass data, the value of PEPE open contracts is 396 million USD, with long positions accounting for 52.78% over the past 4 hours. The long-to-short ratio has risen to 1.1177, indicating high optimism. From the Pepe liquidation map, it can be seen that the increase in positions can withstand a long liquidation risk of 1.64 million USD, with a risk level of 0.00000832 USD. Considering the newly emerging upward trend continues, a short liquidation risk of 1.12 million USD is faintly visible, with a risk level of 0.00000843 USD.
Therefore, as the pump trend continues, the potential surge in short liquidations will drive the rebound of PEPE, increasing the likelihood of breaking through $0.000010. This will lay the foundation for a bullish move towards the $0.00001465 target.
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