Pepe’s price has experienced a pullback after reaching its peak of $0.000015 on May 12th, mirroring the performance of other cryptocurrencies. However, several factors are poised to propel this third-largest meme coin towards record-breaking levels. Technical analysis suggests that Pepe’s price is forming a bullish double bottom pattern, signaling an imminent rebound. The chart pattern hints at a breakout above the upper side of the flagpole, potentially leading to gains exceeding 125% from its current level. This breakout would target the 38.2% retracement level at $0.000020, pushing Pepe closer to its all-time high of $0.00002840. Beyond technical indicators, the accumulation of whales is another significant factor driving price upward momentum. Data from Santiment shows that wallets holding between 10 million and 100 million PEPE coins continue to increase their holdings, suggesting a bullish outlook for the coin. Furthermore, decreasing exchange balances offer evidence of reduced selling pressure and increased confidence in Pepe’s future potential. The funding rate remains positive since May 8th, indicating an anticipated price rise and signaling strong demand for long positions in the futures market.