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.
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 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!
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%.
Cardano (ADA) is showing signs of weakness as its long/short ratio drops, signaling a surge…
With XRP struggling to hold key support and whales quietly loading up, all eyes are…
Ozak AI is catching serious attention as it pushes deeper into its 4th presale stage.…
Michael Saylor is doubling down on Bitcoin again. In a recent CNBC interview, he hinted…
Early investors in Shiba Inu and Pepe Coin saw life-changing returns. Now, ChatGPT and other…
As the crypto market enters a phase of reshuffling, whales are offloading large amounts of…
