PEPE Price Surges 10%, Breakout to $0.000014 or Bull Trap?
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The post PEPE Price Surges 10%, Breakout to $0.000014 or Bull Trap? appeared first on Coinpedia Fintech News
The market cap of the crypto industry has soared 2.48% to $3.46 trillion in the last 24 hours. This was assisted by the $140.68 billion worth of trading volume, signaling a renewed appetite for risk-on assets. Amidst the turn of events, Memecoins led the rally, surging 6.45% to a market cap of $59.94 billion, while their daily volume jumped over 60%. This was majorly influenced by rising altcoin sector rotations.
Betwixt all the buzz, Pepecoin is at the heart of this move, rallying ~10% daily to $0.00001108 as of July 10, 2025. Supported by strong on-chain metrics and a confirmed technical setup, PEPE now eyes a break above key resistance at $0.0000123. With a projected upside target of $0.000014, which is the February 2025 peak.
Whales Lead the Charge
As per Santiment, a sharp uptick in whale transactions is seen, with $100k+ and $1M+ transfers spiking since late June. Between June 29 and July 9, whales accumulated ~9 trillion PEPE tokens worth over $90M, a 1.75% increase in holdings.
This accumulation coincided with a 2.9% drop in exchange supply, suggesting that large holders are withdrawing tokens to cold storage. The July 9 spike in both categories aligns with the current rally, confirming smart money is positioning for a breakout.
Pepe Price Analysis:
Pepe price is above the 0.618 Fibonacci level at $0.00001074, which is a key technical zone for trend reversals. Price currently trades at $0.00001108, with intraday highs touching $0.00001127, catalyzed by a 123.5% volume spike to $1.34 billion.
The RSI stands at 56.98, rising steadily but still far from the overbought territory, leaving room for a continuation to higher peaks. PEPE is also pushing above the 20-day SMA at $0.00000983. And the upper Bollinger Band, hinting at volatility expansion and strong bullish sentiment.
It is worth noting that the next major resistance lies at $0.0000123, which again is the June swing high. A break above this level would open the door to $0.000014, the 2025 February peak. And also the 0.382 Fibonacci retracement, which aligns well with historical supply zones.
If Pepecoin is under your watchlist, our Pepe Price Prediction 2025, 2026-2030 is a must-read for you!
FAQs
Whale accumulation of 9 trillion PEPE and a drop in exchange supply have reduced selling pressure, aligning with a technical breakout and rising memecoin sector interest.
Traders should note that the immediate resistance lies at $0.0000123, followed by a target of $0.000014. Support sits near $0.00001074 and $0.00000983.
The price of 1 Pepe coin at the time of publication is at $0.00001108, with an intraday price gain of 9.89%.
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