While recent price dips have kept investors cautious, the emergence of a Golden Cross and strong RSI suggests a possible 30% surge ahead—if market conditions align.

PEPE Faces Volatility Amid Market Sell-Off

Pepe Coin has seen significant price swings in recent days, dropping over 7% in the last 24 hours to trade at $0.0000078. This decline comes as part of a broader meme coin sell-off, with Dogecoin and Shiba Inu also recording losses.

Pepe Coin (PEPE) was trading at around $0.0000078 at press time. Source: Brave New Coin

Despite this downturn, some analysts believe PEPE could be on the verge of a major recovery. Historically, large whale movements have preceded price rebounds, and recent on-chain data suggests that institutional interest in PEPE is growing.

Whale Scoops Up 506 Billion PEPE—A Bullish Signal?

A major crypto whale, identified as qianbaidu.eth, recently withdrew 506 billion PEPE tokens—worth approximately $4.4 million—from Binance. Whale activity of this scale often signals confidence in future price appreciation. Notably, this investor previously profited around $7.34 million from PEPE trades, adding credibility to their latest move.

A PEPE whale withdrew 506.2B PEPE ($4.4M) from Binance, now holding 699.8B PEPE ($5.11M) with a $164K profit. Source: Spot On Chain via X

Additionally, the number of PEPE holders has been on the rise, with 542 new investors entering the market in March. Increased accumulation, especially from deep-pocketed investors, could pave the way for a price rebound if buying momentum is sustained.

Golden Cross and RSI Indicate a Potential Rally

From a technical standpoint, PEPE’s price action is flashing bullish signals. The emergence of a Golden Cross—a pattern where a short-term moving average crosses above a long-term moving average—often precedes strong upward momentum. Historically, this formation has signaled major price surges for various cryptocurrencies.

Pepe Coin (PEPE) is primed for a massive surge with bullish MACD, rising OBV, strong RSI, a golden cross, and key EMAs supporting momentum. Source: James Wynn via X

Moreover, the Relative Strength Index (RSI) remains in a bullish zone, indicating that PEPE has room to climb before reaching overbought conditions. A rising On-Balance Volume (OBV) further supports this bullish thesis, showing increasing capital inflow into PEPE.

Can PEPE Surge 30% in the Coming Weeks?

With a combination of whale accumulation, increasing holders, and strong technical indicators, there are some hopes that PEPE will rally as much as 30% in April. But this is based on overall market tranquility and ongoing buying interest.

PEPE price prediction indicates a breakout to $0.000010 in the upcoming weeks, with a potential retest of $0.000017 in the long run. Source: SupertradeOfficial on TradingView

If Bitcoin and the broader crypto market regain traction, meme coins such as PEPE may be helped by renewed risk appetite from investors. Alternatively, a sustained market decline may hinder PEPE’s upward movement, resulting in further consolidation before any significant breakout.

Final Thoughts

While PEPE remains strongly volatile, recent developments imply that it could be ready to bounce back well. A 506-billion-PEPE whale buy and a Golden Cross formation could be a signal for an impending rally, but caution is still warranted with the larger market volatility. Traders and investors should keep an eye on market trends and levels of resistance before taking trading or investment actions.