Jakarta, Pintu News – The Pepe (PEPE) price has entered a crucial phase, characterized by narrowing price movements as accumulation signals emerge. Recent whale activity further reinforces this narrative, with large wallets moving large amounts of tokens off the exchange.
Although the long-term outlook is not entirely clear, signs of optimism are beginning to appear, citing Coingape’s report.
As of September 17, the market price of PEPE is currently at $0.00001090, moving near the lower boundary of a triangular consolidation pattern. On the daily chart, the Pepe Coin price is still within the narrowing triangle structure, signaling a potential breakout.
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The token has bounced off the $0.00000914 support level several times, which has been an important floor over the past few months. On the other hand, any upside attempts were stifled around $0.00001269 and $0.00001488, which became strong resistance zones.
If this meme coin manages to break the neckline at $0.00001269, the bulls have a chance to push the price towards the middle area at $0.00001488, even up to the projected target at $0.00002000.

However, if it fails to hold above $0.00001050, the selling pressure could increase again and bring the price back down to $0.00000914.
The long-term price prediction for PEPE Coin still shows potential for more expansion, especially if the accumulation phase continues. Therefore, although the short-term pattern shows compression pressure, the long-term picture still points to a continuation of the bullish trend if key resistance levels are successfully broken.
Whale Alert confirmed that as much as 2.3 trillion PEPE – worth around $25 million – was moved from Robinhood to an unknown wallet. Large moves like this often signal a shift away from exchange-based liquidity towards long-term storage potential, which goes hand in hand with a gradual accumulation phase.
If whales continue to withdraw assets from exchanges, the decrease in available supply could be an impetus for price increases. At the same time, the Spot Taker CVD data from CryptoQuant shows the dominance of the buy side, signaling that market participants have been actively placing aggressive buy orders over the past 90-day period.
The combination of asset exits from exchanges by whales and strong buying volumes reinforces the bullish outlook for PEPE Coin, while strengthening its narrative as one of the leading meme coins.
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Also, in conjunction with the narrowing triangle pattern, this accumulation seems to be the foundation for a potential breakout.
However, if the buying pressure starts to weaken and the whales start moving assets back to the exchanges, this scenario could lose validity in the short term.
Technical charts, asset transfers by the pope, and the dominance of buying on CVD data all point to a bullish outlook. Although short-term volatility is still present, long-term projections still emphasize the upside potential.
A breakout above the $0.00001588 level would further strengthen the narrative towards the $0.00002000 target. Overall, the price of PEPE is currently at a tipping point, where the bulls’ conviction is likely to dominate the market soon.
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