PEPE Coin (PEPE) Shows Bullish Signal, What’s the Secret?

Jakarta, Pintu News – Despite the massive $15 million sale by Robinhood, the outlook for PEPE Coin (PEPE) price increases still looks strong.

Effect of Whale Sales without Buyback

In the past 24 hours, a wallet associated with US crypto exchange Robinhood has recorded a significant liquidity outflow. The entity sold approximately $15 million of PEPE Coin (PEPE) into the market. Usually, when large entities make a sale, they will follow with a buyback within the same period. However, this was not the case this time.

Despite this, Robinhood still remains the second largest holder of PEPE Coin (PEPE), controlling 3.67% of the supply, valued at $209.9 million. Interestingly, despite the massive sell-off, the price of PEPE Coin (PEPE) has remained stable, and market analysis suggests that the token could continue to rise in the coming days.

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Short and Long Term Bullish Analysis

Analysis from AMBCrypto shows that this asset remains bullish in both the short and long term. Short-term analysis using a 4-hour chart shows that PEPE Coin (PEPE) has been trading in a symmetrical triangle pattern, which is characterized by converging support and resistance levels.

This bullish formation could push PEPE Coin (PEPE) up by 12.24%, potentially reaching $0.00001541. In a broader view using the 1-day chart, PEPE Coin (PEPE) is trading in a cup and handle pattern. If this pattern continues, PEPE Coin (PEPE) could rally by 91% to $0.00002836, a level last seen in December 2024.

Market Momentum Rising?

Currently, momentum seems to be building in both the spot and derivatives markets. In the spot market, buying interest has gradually increased again, with $335,000 worth of PEPE Coin (PEPE) purchases so far. In the derivatives market, the OI offset funding rate stands at 0.0127%, confirming the presence of bullish sentiment.

If momentum continues to increase in both market segments, PEPE Coin (PEPE) could see a significant rally. In doing so, PEPE Coin (PEPE) could reach its short-term targets and get closer to its long-term goals.

Conclusion: PEPE Coin (PEPE) Outlook Remains Strong

Despite facing challenges from the massive sell-off by Robinhood, PEPE Coin (PEPE) is showing remarkable resilience. With technical analysis supporting price increases and growing market momentum, PEPE Coin (PEPE) has all the reasons to remain optimistic. Investors and market watchers should continue to monitor these indicators to make informed investment decisions.

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*Disclaimer

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 are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• AMB Crypto. Pepe flashes bullish signs despite $15M Robinhood sell-off; why?. Accessed on May 22, 2025
• Featured Image: Generated by AI