- PEPE confirms breakout, targeting $0.000015 with strong bullish momentum.
- Wallet activity surges, but whales remain cautious amid mixed market sentiment.
- Bulls must flip $0.0000093 resistance to sustain rally and trigger next leg up.
The price of PEPE is not only bouncing but also breaking through. After months of crawling sideways, the meme coin has confirmed a classic inverse head and shoulders breakout. Momentum is back, and the bulls are charging. PEPE just posted a solid 12.23% gain in 24 hours and now hovers at a make-or-break level. But before this rocket reaches $0.000015, one barrier must crumble. The setup looks strong, but the next move depends on one crucial signal.
Neckline Breakout Could Light the Fuse
At press, PEPE was trading around $0.000009184, just shy of a critical neckline at $0.0000093. A daily close above this resistance could flip the narrative . This isn’t just technical noise—this neckline has held price action in check for weeks. A confirmed breakout here could trigger a 63% rally. That push would set sights on $0.000015, a level that feels within reach if momentum holds. Behind the scenes, liquidation heatmaps reveal short sellers stacking up just below the current price.
If bulls push harder, more liquidations could follow. Each squeeze clears the runway for another leg higher. And there’s more than just charts fueling this optimism. Wallet activity is surging. PEPE’s New and active addresses jumped 38% in one week. Wallets with zero balance also rose over 40%, showing increased churn and user onboarding. This kind of grassroots buzz often signals deeper investor interest.
Leverage Builds, But Can Bulls Hold the Line?
Still, not every camp is convinced. Large holders trimmed activity by nearly 3%. That dip suggests whales remain cautious, waiting for stronger confirmation. Until they join the rally, some resistance may linger. Sentiment also sits on a knife’s edge. Bulls total 144, bears 155. This near-even split shows traders watching carefully but not fully committed. This could mean uncertainty—or the calm before another wave of volatility.
Derivatives data adds more fuel. Open Interest soared 20.68% to $396.56 million. That means leveraged bets are stacking up—and most lean bullish. Short positions below $0.000009 got wiped recently, removing key resistance zones. This gives bulls a clear shot—if they stay aggressive. But without a solid daily close above $0.0000093, the breakout may fizzle. That neckline remains the final gatekeeper. Flip that line into support, and $0.000015 becomes more than a dream—it becomes the next target.
For now, the stage is set. Momentum is rising. Participation is growing. But PEPE’s fate depends on follow-through. If bulls seize this moment and don’t let go, fireworks could follow. For now, all traders are watching the $0.0000093 price level. Break it, and the rally could roar. Fail, and PEPE may stall just inches from liftoff.
