- Whale accumulation and holder positioning suggest a potential bullish reversal is brewing.
- Technical breakout and rising NVT ratio hint at strong upside momentum building.
A fresh whale wallet just withdrew 492 billion Pepe [PEPE] tokens, worth approximately $3.74 million, from Binance. At press time, PEPE was trading at $0.000057341, posting a mild 0.34% increase over the past 24 hours.
Despite this modest gain, the whale activity signals strong confidence in future price appreciation and likely long-term holding.
Therefore, this strategic withdrawal may be setting the stage for a potential bullish reversal as technical and on-chain indicators begin to align.
Are most PEPE holders underwater or…
On-chain data shows that over 63% of PEPE holders are currently at a loss, while only 19.17% are in profit. Additionally, 17.15% of addresses are holding PEPE at breakeven levels.
This indicates that a bullish push could lead to significant selling pressure from these holders. However, such selling pressure might also drive upward momentum if matched by continued whale accumulation and increased demand.
As a result, price movement at these levels will play a crucial role in shaping overall market sentiment.
Source: IntoTheBlock
A reversal or a fakeout ahead?
PEPE has formed a textbook inverse head and shoulders pattern on the daily timeframe, which often precedes a bullish breakout. The pattern is taking shape right beneath a long-standing descending trendline, suggesting a breakout is imminent.
Key resistance lies around $0.00000884, and a successful close above this level could send the price soaring toward $0.00001146.
However, failure to break this neckline may lead to consolidation or a dip toward the $0.00000565 support zone.
Source: TradingView
Why the NVT ratio spike could matter more than you think
Santiment data reveals a sharp increase in PEPE’s NVT ratio, reaching 321.77—a substantial rise from prior levels. This indicates that the network value is outpacing transaction volume growth.
While such a surge might suggest overvaluation, it is often associated with accumulation phases, where transaction activity slows temporarily as holders expand their positions.
As a result, the current spike may signal not weakness, but the potential for building bullish momentum.
Source: Santiment
Conclusively, PEPE is showing strong signs of an incoming breakout. Whale accumulation, bullish chart patterns, and strategic positioning of holders all point to upward potential.
While caution remains necessary until the neckline breaks, the overall signals are clear. PEPE is on the verge of a significant move, and the odds are increasingly favoring the bulls.