Date: Fri, April 30, 2025 | 04:55 AM GMT
Over the past three weeks, the crypto market has shown signs of a potential turnaround. Ethereum (ETH) alone has rallied 31%, reigniting optimism across altcoins and memecoins that have been battered throughout the year. One of the standout performers during this bounce is the third-largest memecoin, Pepe (PEPE), which has surged 28% in the past 30 days—cutting its year-to-date losses down to 54%.
But beyond the general recovery, recent whale activity and a compelling fractal pattern on the chart are pointing toward a possible strong upside for PEPE.
Whale Accumulation Signals Confidence
As markets regain momentum, on-chain activity is revealing bullish behavior among large holders. According to a report by Lookonchain, a whale with $147 million in assets recently withdrew 1.5 trillion PEPE tokens (worth $13.3M) from Binance just 8 hours ago.
This kind of accumulation is often seen as a vote of confidence, especially during critical technical setups.
Fractal Hinting at Potential Upside Move
The chart comparison between Raydium (RAY) and PEPE paints an intriguing picture. On the left side, RAY shows a classic double bottom breakout, with the neckline around $2.16. After a clean retest of this zone, RAY launched into a 45% rally, validating the strength of the pattern.
Now look to the right side of the chart—PEPE is forming what appears to be a nearly identical double bottom setup. It has broken above the neckline at ~$0.0000092 and is now retesting that level, much like RAY did before its breakout. If this fractal continues to play out, PEPE could be preparing for a rally toward the $0.000014 zone — a potential 60% gain from its current levels.
Adding to the technical strength, both charts show similar positioning of the 50-day Moving Average and MACD indicators, increasing the reliability of the pattern.
What’s Ahead?
While no technical setup guarantees future performance, the combination of strong whale accumulation and a promising fractal pattern sets the stage for a potential bullish continuation for PEPE. Traders and investors will be closely watching the retest zone around $0.0000086 to see if PEPE holds and begins its upward move toward the $0.000014 region.
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