Pepe Coin Price Technicals Hint at More Upside Ahead After 30% Weekly Surge

PEPE coin is roaring back to life. The PEPE price has climbed more than 30% in the past 7 days, crossing $0.000012. What’s fueling this rise?

Over 15% surge in in 24-hour volume to $2.29 billion, sharp whale accumulation, and a clean breakout from a falling wedge pattern that had trapped the meme coin for over a month.

Whale Wallets Are Back

The biggest signal comes from a wallet labeled 0x06b3, which accumulated over $2.68 million worth of PEPE within a few hours.

The purchases were made in short bursts, often minutes apart. This behavior shows clear intent, not passive holding, but active positioning.

Whale wallet activity is often a leading signal in the PEPE coin price cycle. This time, the whale demand has aligned directly with a key breakout move.

OI-Weighted Funding Rate Signals Bullishness For PEPE Coin

One key sign of strength in Pepe coin price action is the OI-weighted funding rate, a measure that combines how much leverage traders are using (Open Interest) with how much they’re paying to stay in those positions (Funding Rate).

In simple terms, Open Interest is the number of ongoing futures contracts. Funding Rate is the small fee paid between traders based on long vs. short positions.

And when these are combined as an OI-weighted funding rate, it shows where big money is betting.

Since July 7, the chart shows a clean flip to positive funding, meaning long traders are now paying shorts.

That usually happens when the market turns bullish and more traders want to go long. But it’s not spiking yet; the bars are green but not overheated, which means there’s bullish bias without FOMO.

Earlier this year, we saw spikes like this in late May and early June; temporary rallies followed both in Pepe coin.

But this time, the structure is different: the funding rate is rising with a breakout pattern and real whale demand.

This combo shows that traders aren’t just chasing; they’re backing a breakout with leverage, but in a controlled way.

NetFlows Show Fresh Demand

Exchange netflows flipped negative this week; more PEPE is being withdrawn from exchanges than deposited. This signals reduced sell pressure. Holders aren’t rushing to offload, even after a double-digit move.

Historically, when netflows go negative alongside rising PEPE coin price, the rally tends to continue until funding overheats or whales pause.

Neither has happened yet. Also, despite PEPE being a meme coin, the growing outflow count hints at growing accumulation.

PEPE Coin Price Action Confirms the Breakout

The price chart shows a clean falling wedge breakout on the 4-hour timeframe. This pattern had trapped PEPE for nearly a month, with lower highs and lower lows. The recent breakout invalidates that structure.

PEPE coin price broke out above $0.0000120 and is now targeting the next resistance near $0.00001512, which aligns with previous rejection points from early June.

Volume has also surged, reaching $2.29 billion in 24 hours, per CoinGecko, placing PEPE coin as the fifth-most traded crypto after excluding stablecoins. That’s more than Dogecoin and Shiba Inu, signaling sector-wide attention.

The only weakness? Monthly returns still lag at –4.5%, showing the rally is still catching up. PEPE is showing real signs of life again.

Whale buying, rising Open Interest, steady funding, and falling wedge breakout all align to support this move.

As long as funding doesn’t flip extreme and whales keep buying, the PEPE coin price may continue climbing.

Eyes are now on $0.00001485 as the next test, and if it clears, this meme coin rally might only be getting started.

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