PEPE Resists Massive Sell-off by Robinhood
On May 21, 2025, a wallet linked to Robinhood sold $15 million worth of PEPE, as per on-chain data. Typically, such a massive sell-off by a major player is followed by a quick buyback, but Robinhood did not follow suit, exerting downward pressure on the memecoin.
Nevertheless, PEPE maintained its support levels, demonstrating remarkable resilience. Robinhood remains the second-largest holder of PEPE, controlling 3.67% of the total supply, approximately $209.9 million, according to CoinMarketCap.
This stability in the face of a major bearish event intrigues investors and suggests a potential for a rebound. It indeed reflects market confidence despite the inherent risk associated with memecoins.
Technical Outlook : Is a 50% Increase Coming ?
PEPE’s technical analysis reveals bullish signals in the short and long term:
- Short Term (4h Chart): PEPE is moving within a symmetrical triangle, often a precursor to a bullish breakout. An upward move could push the price to $0.00001541, representing a +12.24% increase.
- Long Term: A “cup and handle” pattern is forming, a classic indicator of a bullish trend. By surpassing the resistance at $0.00001483, PEPE could reach $0.00002836, a level not seen since December 2024, signaling a +91% surge.
In the short term, PEPE broke its resistance at $0.00001421. If it holds above this level, PEPE could target the resistance zone and FBB high at around $0.0000186, potentially rising by 25%. It might even reach the next zone at around $0.000021, for a nearly 50% increase.
The Woodies CCI has turned positive on the daily, supporting the bullish continuation. If this falters and the RSI shows bearish divergences, it might be wise to start taking profits and be wary of a bearish reversal. With Bitcoin approaching critical levels, the excitement could be short-lived.
Market data also shows increased activity for PEPE:
- Spot Market: Buying has picked up, with recent inflows of $335,000, signaling renewed investor interest.
- Derivatives Market: The funding rate stands at 0.0127%, reflecting a bullish sentiment among traders, as per Coinglass data.
This increasing momentum, coupled with the technical outlook, positions PEPE for a potential significant rise. “Memecoins like PEPE thrive on market momentum. The resurgence in buying volumes is a clear signal,” says crypto trader Michael Lee.
Should You Invest in PEPE Before Its Surge ?
Despite a $15 million sell-off by Robinhood, PEPE displays an impressive resilience, holding its support levels while showing bullish technical signals. With a symmetrical triangle promising a +12.24% short-term increase and a cup-and-handle pattern targeting a +91% long-term increase, the memecoin enjoys strengthening market dynamics.
While the crypto ecosystem remains volatile, PEPE emerges as a high-potential asset for the long run. Close monitoring of resistance levels and short-term trading volumes will be crucial to anticipate the next bullish wave.
Here is a guide to buy the memecoin on Bitget before a potential surge of 45%:
- Sign Up on Bitget
Create an account on Bitget with your email or phone, confirm the code sent, and activate 2FA to secure your profile. - Verify Your Identity (KYC)
Provide an ID document to complete the KYC verification, required for accessing trading. - Fund Your Wallet
In “Deposit,” add funds via cryptocurrencies (USDT, BTC) or fiat (Visa card, Mastercard, bank transfer). - Locate the Token
Go to “Spot Market,” search for “PEPE,” and choose the PEPE/USDT pair. - Execute Your Purchase
Select a market order (instant purchase) or limit order (chosen price), enter the quantity, verify, and confirm.
