Key Insights
PEPE Coin’s price has stabilized above $0.00000494, with a solid consolidation phase signaling potential for higher gains.
The Cup and Handle formation sets the stage for a breakout, with targets near $0.00000600 and $0.00000717.
Spot Taker CVD confirms buy-side dominance, indicating a shift towards accumulation rather than distribution.
PEPE Coin has recently shown strong signs of stabilization after successfully holding above its critical support level at $0.00000494. The price action has entered a phase of consolidation, narrowing within a defined range, and has faced minimal downside momentum despite testing structural support. This pause indicates a shift in market sentiment, transitioning from selling pressure to potential demand dominance.
The ongoing consolidation phase suggests that PEPE Coin is building towards a potential continuation of its upward momentum. A Cup and Handle formation is now clearly visible on the chart, with the price moving in a rounded accumulation base. After a brief pullback, the price has shown resilience, forming a shallow handle. This pattern is often a precursor to a breakout if the price manages to overcome the resistance around $0.00000547. Such a move could push PEPE towards its next target at $0.00000600.
Spot Market Dynamics Confirm Buyer Control
The market’s structure and order flow provide additional confirmation of PEPE Coin’s bullish potential. According to recent data from CryptoQuant, the Spot Taker CVD (Cumulative Volume Delta) has revealed buy-side dominance over the last 90 days. Buyers have actively absorbed the offers, preventing further downside even as the price tested lower levels. This shift in market dynamics points to accumulation rather than distribution, reinforcing the idea that PEPE is preparing for a move higher.
Source: TradingView
With the market showing steady bid support beneath resistance, PEPE Coin appears well-positioned to overcome the upper resistance levels. A sustained move above $0.00000547 would strengthen the case for a rally, potentially driving prices to $0.00000717, which would represent a 45% rebound from current levels. The absence of significant selling pressure reinforces the expectation of continued accumulation, with buyers showing confidence in holding the price above crucial support zones.
PEPE Coin’s price action reflects a market in transition, with buyers holding firm in the face of resistance. If the price can maintain its position above the $0.00000494 support level, the path for further gains looks increasingly likely. The structure is intact, and as long as buy-side momentum continues, PEPE Coin could soon see a significant price push toward higher targets.
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