Jakarta, Pintu News – Reporting from Coingape (27/5), the price of Pepe Coin (PEPE) is expected to experience a sharp increase towards $0.000027 as a double bottom pattern appears on the weekly chart.
This upside potential was also reinforced by the action of two whale investors who opened long positions worth more than $3 million, signaling optimism for further gains.
As of May 27, Pepe Coin was trading at $0.0000141 after experiencing a strong bounce from the daily low of $0.0000134. Meanwhile, trading volume recorded a decrease of 21% based on data from CoinMarketCap.
Pepe Coin has bounced off the support zone between $0.000054 and $0.000062, forming a classic double bottom pattern. This chart pattern usually indicates a trend change from bearish (down) to bullish (up), which reinforces the notion that the PEPE price rally that started in April will continue.
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To break the $0.000027 level, the buyers (bulls) need to overcome the resistance area between $0.000014 and $0.000016. Over the past three weeks, PEPE moved in a clear consolidation pattern in this price range due to hesitation on the part of buyers.
However, the MFI (Money Flow Index) indicator shows that this top meme coin has the potential to break to the upside soon. It is pointing in an upward direction after recording a series of higher peaks over the past two months, signaling growing buying pressure and confirming that the trend is still bullish.

At the same time, the AO (Awesome Oscillator) histogram bars, although still below the zero line, started to shrink in size. This shows that the bearish pressure is starting to weaken.
If the buying pressure continues to increase and the AO bars manage to break above the zero line, then this will be confirmation that the Pepe Coin price is ready to break to $0.000027.
However, this Pepe Coin price prediction could become invalid if the AO bars fail to turn positive and instead extend further in the negative zone. This would indicate that bearish pressure is returning, hindering any significant upside potential.
Data from Coinglass shows that in the past two days, two PEPE whales have opened long positions worth more than $3 million with 10x leverage on the Hyperliquid (HYPE) platform.

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When a whale opens a long position, it usually reflects the belief that Pepe Coin’s price will continue to rise.
In many cases, whales tend to open long positions right before a price rally. If this pattern repeats itself, then the recently opened position could be a signal that an upward move towards $0.000027 is likely to occur.
However, if the uptrend weakens and Pepe Coin’s price drops to the point of triggering the liquidation of these positions, then there could be a surge of selling pressure that deepens the price drop.
In conclusion, Pepe Coin’s price seems to be on the verge of a breakthrough towards $0.000027, as seen from the double bottom pattern on the weekly chart.
This bullish view is also supported by whale action, where data from Hyperliquid shows that two whales have opened long positions worth more than $3 million.
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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
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