PEPE Price Eyes Bullish Breakout Amid Retail Accumulation and Whale Inactivity

After the market experienced high volatility over the last two months, it is slightly gaining momentum. Among the coins that are rising, PEPE Price gained traction after five wallets bought 611 billion tokens worth around $4.28 million, all within just eight hours. 

This concentrated buying has stirred excitement across the crypto community, raising questions about whether the memecoin is gearing up for a breakout.

Retail Traders Return, But Whale Moves Are Mute

On-chain data suggests retail traders are slowly coming back to the scene. Over the past week, active addresses rose by 0.47%, a small but positive sign of engagement. However, new addresses dropped by 6.78%, hinting that not many new users are jumping in just yet.

Digging deeper, there’s a notable 67.4% spike in transactions under $1, showing that small traders are accumulating PEPE. On the flip side, larger transaction brackets like the $10k to $100k range dropped over 23%. In short, whales are still waiting on the sidelines.

Volatility Drops: Calm Before the Storm?

Interestingly, PEPE price fluctuations have calmed down significantly. Its 30-day volatility dropped from 146.37% to 115.24%, which usually hints at stability. This kind of phase often comes before a big move, either up or down, as markets gear up for a shift.

Technical indicators are starting to show signs of bullish momentum. PEPE broke out of a descending channel and reclaimed the $0.00000700 mark. The 9-day and 21-day moving averages are close to crossing, which might signal a positive trend change in the coming days.

Support, Resistance, and What to Watch

Right now, PEPE is facing immediate resistance at $0.00000737. If that level is cleared, the next target could be around $0.00000884. Meanwhile, the key support lies at $0.00000698. As long as PEPE stays above this level, the bullish case remains alive.

However, whale data paints a mixed picture. Over the last 30 days, inflows from large holders dropped by 74.15%, while outflows also fell by 76.75%. This suggests that while whales aren’t actively buying, they’re not leaving either. On a 90-day scale, inflows dipped slightly while outflows rose by over 22%, hinting at some profit-taking but not a mass exit.

Could Short Liquidations Spark the Next Rally?

In the derivatives market, things are quieting down. Open interest fell by 3.8% to $288.14 million, showing cautious sentiment among traders. However, liquidation data from Bitget tells an interesting story.

There’s a dense short liquidation zone between $0.0000074 and $0.0000076. If bulls manage to push the PEPE Price into that zone, it could trigger a wave of forced buybacks—possibly igniting a strong rally. But for that to happen, spot buying pressure must remain strong.

Final Thoughts: Cautious Optimism for PEPE Price

While the recent accumulation and technical breakout offer reasons to be optimistic, PEPE Price is still looking for stronger confirmation. Retail interest is picking up, and volatility is down, a good setup for a move. But until whales step back in and new users return in bigger numbers, it’s wise to stay cautiously bullish.

The next few days will be key. If PEPE pushes above $0.0000076 with volume, we might just see the breakout everyone’s been waiting for.