- Pepe traded in a battery phase, a bullish technical pattern.
- Technical indicators confirmed the bullish sentiment, together with the consistent purchase of Pepe.
In the past month, Pepe [PEPE] Is on a downward line and registered a loss of 47.78%. In the last 24 hours, Pepe has continued on that path with a decrease of 1.89%.
New market developments suggest that Pepe could probably reverse, because various bullish sentiments are starting to emerge, in particular the current accumulation. However, some market segments remain bearish.
A path to a big price rally
On the 4 -hour graph, Pepe acts within an ascending channel, a consolidation phase with defined support and resistance zones.
At the time of writing, Pepe has just responded to the support level and goes to the upper resistance level at $ 0.00001056. A violation of this resistance level would confirm the bullish force in the market.
From the basis of support to the peak of the rally at $ 0.00001477, Pepe is said to have registered a profit of 54.22%.
However, the active could experience resistance along the RallyPad at $ 0.00001137, $ 0.00001217 and $ 0.00001331.
Source: TradingView
Further analysis indicates that a rally is moving as more buyers intervene.
Continuous accumulation of Pepe
With the help of the accumulation/distribution ratio on the graph, Ambcrypto found continuous accumulation in the market, with a potential 635.23 trillion Pepe traded at that level.
Although this is a bullish sign, since the trend is confronted upwards, the formation of a falling line pattern is characterized by the dotted line that significant accumulation can occur in the upcoming trade sessions.
If this were to happen, this would indicate an increased purchase activity, so Pepe may push large resistance levels.
Source: TradingView
At the time of writing, the relative strength index (RSI) showed the purchasing activity. With a current lecture of 47.02 and De Lijn Trending up, if RSI cross over 50, the presence of bulls would be attached to the market.
Exchange Netflow data from Coinglass contribute to this bullish sentiment. Usually a negative exchange Netflow (red) indicates to buy activity, while a positive Netflow (green) suggests.
Since the first week of 2025, consistent purchase activity has been observed on the spot market. Last week a total of $ 30 million was purchased from Pepe from trade fairs.
The largest purchase this year reached $ 148.86 million. If this purchase activity continues, Pepe can continue to rise.
Source: Coinglass
Small sales pressure remains
The open-interior financing percentage, which combines data from the open interest (OI) of the derivatives market with the financing interest to determine the potential price direction and sentiment, is currently showing a Bearish sentiment.
Data shows that after the OI-weighed financing percentage at 0.0101% on 14 February, it has since fallen to 0.0002, which has remained in the negative region. This indicates that there are more sellers on the market, who can hinder Pepe’s potential rally.
If the OI-weighed financing speed begins to trends, this would further strengthen the total bullish sentiment.
