PEPE increased by 27% – An important indicator reveals the next breakout signal?

Data from Nansen shows that whale investors are actively buying Pepe (PEPE).

In a previous post on X (, formerly Twitter), Onchain Lens observed that two whale investors spent over 3.5 million USD to purchase 303.19 billion PEPE.

Source: Onchain LensAlthough the buying activity of whales is a noteworthy signal for long-term investors, compared to the period of November–December 2024 or May 2025, the current trading activity of whales is still quite subdued.

At that time, PEPE had witnessed rapid growth with strong participation from both retail investors and whales.

Source: CryptoQuantAccording to CryptoQuant, the Spot Taker CVD indicator shows that spot buying volume in the past week has been dominant, outperforming the previous 3 months.

This is a positive signal, reminiscent of the period of April–May 2025, before PEPE increased by 146% in less than two months.

Notably, at the end of 2024, the Taker Buy phase lasts shorter, even though prices continue to rise sharply. This may be due to the role of the derivatives market in driving the price of PEPE.

Where can PEPE go?

Source: TradingViewSince September 5th, PEPE has increased by 27%, with the strongest increase occurring on September 10th after the price broke out of the descending wedge pattern (yellow). According to technical analysis, this pattern typically aims for a target at the highest peak of the wedge – corresponding to the level of $0.00001266, which is also a reasonable take-profit point for open Long positions.

The MFI indicator shows strong upward momentum and buying pressure, but has not yet entered an overbought state on the daily timeframe.

Since May, the market structure of PEPE has maintained an upward trend, although there was a correction to near $0.00001 in August.

The level of $0.00001266 is a short-term resistance, while $0.00001475 is a more significant resistance level.

The trading volume increases and the conversion of $0.00001266 from resistance to support will be a strong sign indicating bullish strength.

Overall, the buying activity of whales and the dominance of buyers in the spot market are helping to strengthen the bullish outlook.

Vincent