PEPE Price Prediction: Holding Address Breaks 460,000, Technical Chart Shows Cup and Handle Pattern, Is a New Round of Big Pump Brewing?

The number of PEPE holders has exceeded 463,000, and on-chain activity has surged.

The current number of PEPE holding addresses has surpassed 463,000, marking a new stage of user engagement and market attention. As of July 16, the Gate market shows that the PEPE price has increased by 7.28% in the last 24 hours, standing at $0.000012972, reflecting the market's confidence in its long-term potential.

At the same time, the number of new wallet addresses increased by 39.01% in a week, active addresses grew by 38.43%, and the number of empty balance wallets surged by 42.41%. These on-chain signals indicate that retail investors are pouring in, with a significant increase in participation, which also brings higher buying power for PEPE.

Technical Analysis: Cup and Handle Pattern Emerging, PEPE May Break Through Key Resistance at 0.00001580

On the daily chart, PEPE has formed a standard "cup and handle" pattern, and the price is currently approaching the neckline position of $0.00001580.

Directional Movement Index: +DI is 35.3, significantly higher than -DI's 12.7, indicating that buyers are in control. The ADX index is 23.0, suggesting that the trend is forming but has not yet overheated, indicating further room for strengthening.

If PEPE successfully breaks through the neckline, the theoretical upward target may point to $0.000030.

Derivatives Market: Positions and Trading Volume Rise Together, Bullish Sentiment Prevails

According to the latest data, the derivatives trading volume of PEPE surged by 60%, reaching $3.67 billion, while the open interest increased by 8.2%, reaching $705 million, indicating a strong bullish sentiment in the market for PEPE's future.

The OI weighted funding rate is stable at a positive value of 0.0107%, indicating strong bullish sentiment, with investors willing to pay a premium to maintain long positions.

Overall, the activity level of the futures market and the position data both support the technical trend of price increase.

Whales are increasing their holdings simultaneously, and the resonance of retail and large investors may signal a major market movement.

On-chain data shows that large transactions (Whale Transactions) have increased by 6.63% over the week, indicating that whale funds are quietly positioning themselves. At the same time, the active resonance of new and old users is also seen as a potential precursor to a surge.

Historically, when retail funds and large capital enter the market together, it often signifies that the market will enter a phase of high volatility and upward movement.

Whether the resistance is broken or not will determine the short-term trend of PEPE

The current rising logic is clear: an increase in the number of coin holders, positive technical patterns, strong demand for derivatives, and whales quietly positioning themselves. However, the key is whether PEPE can significantly break through the resistance area of $0.00001580.

If it stabilizes at this price level, it will confirm the "cup and handle breakout," with the target looking towards $0.000030. If the short-term breakout fails, it may enter a consolidation range and pull back to the 0.000012 area to build momentum again.

It is recommended to pay attention to key indicators such as changes in trading volume and the continuous growth of user addresses as confirmation signals for trends.