The cryptocurrency market experienced renewed selling pressure during Wednesday’s U.S. trading session, with Bitcoin slipping below $67,000. This downturn triggered a 1.9% decline in Pepe coin price, briefly testing bearish sentiment as it approached the $0.00001 psychological level. Despite short-term volatility, analysts remain optimistic about Pepe’s long-term trajectory—pointing to technical patterns and on-chain data suggesting a potential breakout toward a $25 billion market cap in the coming months.
Bullish Pennant Signals Major Market Cap Expansion
A recent analysis by crypto insights platform WhaleInsider highlights a bullish pennant pattern forming on Pepe’s market capitalization chart. In technical analysis, this formation typically emerges after a strong upward move, followed by a period of consolidation between two converging trendlines. Historically, such patterns precede powerful continuation rallies.
Notably, PEPE demonstrated a similar chart structure in early 2024, which preceded a surge from under $1 billion to over **$7.5 billion in market cap**. If history repeats, the current setup could foreshadow an even more substantial rally.
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Should Pepe break out from this formation, analysts project its market cap could climb to $25 billion**, representing a significant leap from its current valuation of approximately **$4.07 billion.
Assuming the circulating supply remains stable, reaching a $25 billion market cap would translate to a Pepe coin price of roughly **$0.000596**—an increase of over 500% from current levels.
Investor Behavior Shifts: Long-Term Holding Gains Momentum
On-chain metrics suggest growing confidence among Pepe holders. According to data from Santiment, the amount of PEPE stored on exchanges has steadily decreased since March 2024—from 227 trillion tokens down to 192.4 trillion. This withdrawal trend indicates that investors are moving their holdings off exchanges and into private wallets, a strong signal of reduced selling pressure and increasing long-term conviction.
Additionally, the top wallet address continues to hold around 45% of the total supply, with no signs of large-scale dumping. Such stability among major holders reinforces market confidence and reduces the risk of sudden sell-offs.
This accumulation phase mirrors behavior seen in other successful meme coins before major price rallies, suggesting that PEPE may be entering a similar phase of quiet consolidation ahead of a potential breakout.
Triangle Pattern Watch: Key Support Levels in Focus
Crypto trader Bitcoin Meraklıs has drawn attention to a developing symmetrical triangle pattern on the PEPE/USDT daily chart. Like the bullish pennant, this pattern forms during periods of consolidation and often resolves with a strong directional move—either up or down.
Currently, Pepe price is testing support near the lower boundary of the triangle. The next move may depend heavily on broader market sentiment, particularly Bitcoin’s price action in the coming days.
- A bullish breakout above resistance could propel PEPE toward initial targets at $0.000013**, followed by **$0.0000166 and eventually $0.000024.
- Conversely, a breakdown below support might extend sideways consolidation or trigger further downside pressure in the short term.
Traders are closely monitoring volume trends and Bitcoin’s stability to gauge the likelihood of an upward resolution.
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Frequently Asked Questions (FAQs)
What could Pepe coin be worth if it reaches a $25 billion market cap?
If Pepe achieves a $25 billion market cap with unchanged circulating supply, its price could reach approximately **$0.000596**, representing substantial upside from current levels.
Why is declining exchange supply important for PEPE?
A drop in exchange reserves—from 227 trillion to 192.4 trillion tokens—suggests investors are holding long-term rather than preparing to sell. This reduces selling pressure and supports future price growth.
What technical pattern is currently forming on PEPE’s chart?
PEPE is forming a symmetrical triangle pattern, which often precedes strong directional moves. Traders are watching for a breakout above resistance or breakdown below support to determine the next trend.
What are the key price targets if PEPE breaks out?
Potential upside targets include $0.000013**, then **$0.0000166, and ultimately $0.000024, depending on momentum and market conditions.
How does whale activity influence PEPE’s price outlook?
The top holder maintains control of 45% of the supply without signs of selling, signaling strong confidence and reducing volatility risks associated with large dumps.
Is Pepe solely driven by speculation?
While Pepe began as a meme coin, growing on-chain activity, technical patterns, and investor holding behavior indicate maturing market dynamics beyond pure hype.
Final Outlook: From Meme to Market Mover?
Pepe coin has evolved from an internet joke into one of the most watched meme assets in the crypto space. With technical indicators pointing to a possible breakout and on-chain data reflecting growing investor confidence, PEPE is positioned at a pivotal moment.
The confluence of a bullish pennant in market cap charts, declining exchange supply, and a tightening triangle pattern on price charts creates a compelling narrative for a significant move in the near future. While short-term fluctuations remain inevitable—especially amid broader market corrections—the structural signals suggest that long-term upside potential remains strong.
As always, investors should conduct thorough research and consider risk management strategies when engaging with volatile assets like meme coins.
Whether Pepe reaches a $25 billion market cap depends on sustained buying pressure, favorable macro conditions, and continued holder confidence. But one thing is clear: this meme coin is no longer just a punchline—it’s becoming a serious player in the digital asset landscape.