The memecoin department continued its sideways show, decoupling from Bitcoin (BTC) and major-cap altcoins most days this week. Pepe coin (PEPE), the largest memecoin aside from Shiba Inu (SHIB) & Dogecoin (DOGE), sparked up a 5.7% rally this Thursday.
Unveiling Next Key Targets For PEPE Price
Right now, PEPE price is climbing to $0.000015, a three-month high that was last secured on May 12, 2025. Regaining this PEPE price level could stir away the controversy surrounding massive sell-offs on Robinhood, a popular American crypto & stock exchange.
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According to the blockchain analytics platform Arkham Intelligence, a crypto wallet tied to Robinhoodโs crypto exchange witnessed a $15.24 million outflow. In case of crypto exchanges shuffling tokens across their hot wallets, this would have been followed by a matching inflow, but that didnโt happen, on-chain data shows.
No apparent effect on Pepe coinโs (PEPE) price took place, which is also uncanny for such large outflows, which rarely go unnoticed. For now, the caecilian memecoin is holding its symmetrical triangle target of $0.00001541, analysts assume.
Moreover, PEPE could be heading for 91% bull run in case of breaking the Cup โnโ Handle pattern, aiming for $0.00002836.
PEPE Price Back In Super Overbought State
The StochRSI meter pointing to the maximum value of 100 is not a great sign for the current price trend of Pepe Coin (PEPE). Naturally, the 55% upswing over the past 14 days could face a turbulent market correction before the frog-styled coin paying homage to the internet sensation Pepe The Frog actually reaches the symmetrical triangleโs target of $0.00001541.
On a brighter note, closing the day above the red-label Bollinger Band (BOLL) would allow PEPE to dream about an extended bull run, as the technical setup is still promising. For one, 66% of PEPE coin holders are making a profit at this price range, while both large transactions and price correlation with Bitcoin (BTC) plays a key role in PEPEโs recent bullish getaways.
On The Flipside
- With the positive momentum continuing, both short and long PEPE price position holders got liquidated equally, says CoinGlass.
- The Derivatrives market data suggests an even split at approximately $4 million in 24 hours in over-leveraged PEPE liquidations.
Why This Matters
Moves by large entities in crypto often precede a shift in market trends. Transfers of such large magnitude tend to serve a huge test for the coinโs liquidity depth.
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