PEPE meme coin price prediction: the number of holders has surged to over 463,000, is a bull market about to begin?

The number of holders of PEPE has now surpassed 463,000, indicating a surge in user numbers and a growing enthusiasm among retail investors. This milestone coincides with the resurgence of meme coins in the Ethereum ecosystem.

Despite the market remaining cautious, the increasing number of PEPE holders indicates growing long-term confidence in the project. In this on-chain growth, the PEPE price today (15) during the European early trading session is approximately $0.00001211, which has decreased by over 3% in the past 24 hours but has risen by 22% in the past 7 days.

The increase in holders reflects the return of retail investors—this factor often leads to speculative and price volatility.

Is a bullish breakout forming?

The daily chart of PEPE shows a clear cup and handle pattern, indicating that the bullish trend may continue. The "cup and handle" is forming, and the price is currently hovering below the resistance level of $0.0000158. If it breaks through this neckline, it could bounce back to $0.00003.

The Directional Movement Index (DMI) indicator also supports an upward trend, with +DI at 35.3, significantly higher than -DI at 12.7, reflecting buyer dominance.

At the same time, the ADX is 23, which means a trend is forming and there is still room for further upward movement. Therefore, if PEPE clearly breaks through the resistance level, the upward trend may accelerate strongly in the near future.

(Source: Trading View)

How confident are PEPE traders?

Coinglass's data shows that the derivatives market is exhibiting increasingly bullish sentiment. Trading volume surged over 60%, reaching $3.67 billion, while open interest (OI) also grew by 8.2%, reaching $705.27 million.

This data confirms the growth of speculative demand, as traders bet that prices may continue to pump.

In addition, the funding rate (financing cost) after OI adjustment remains positive at 0.0107%, indicating that market sentiment leans towards the bullish side.

The sustained positive funding rate reflects the willingness of bulls to pay a premium to hold positions, which completely aligns with the bullish technical pattern.

Overall, the PEPE futures activity reflects traders' increasing optimism and firm commitment to a rising trend in the near future.

(Source: Coinglass)

Whale User Activity and Demand

The on-chain growth of PEPE is accelerating strongly, with the number of new wallets increasing by 39.01% and active addresses increasing by 38.43% over the past week.

The number of wallets with a zero balance has also surged by 42.41%, reflecting a higher wallet turnover rate and increased speculative activity.

The expansion of the user base indicates a growing confidence in the project and suggests an increasing potential for token usage, which in turn adds natural buying pressure to the market.

At the same time, the interest of whales is also on the rise, with large transactions increasing by 6.63%—this is a clear sign of strategic accumulation.

History shows that the simultaneous inflow of retail investors and accumulation by whales often indicates a strong price increase. If this trend continues, PEPE may gain enough momentum to eventually break through key resistance levels.

(Source: IntoTheBlock)

Will PEPE break through the resistance level or drop below 0.0000158 USD?

The bullish outlook for PEPE is supported by the growth of retail investors, breakthrough technology patterns, strong demand in the derivatives market, and increased whale activity.

However, to confirm the cup and handle pattern, PEPE needs to decisively close above $0.0000158. If a clear breakthrough cannot be achieved, the bullish momentum will weaken.

Traders should pay attention to the increase in trading volume and the continuous rise in the number of holders, treating it as an important confirmation signal.

If the breakout is successful, the price of PEPE may rise to $0.00003. Conversely, if the breakout fails, the token may enter a short-term consolidation phase.