Pepecoin price has staged a strong comeback in August, delivering a 9.77% daily gain and a 17.11% surge over the past week. Trading at $0.0000122, PEPE’s price action is drawing attention from traders and investors alike. This is as whale accumulation and falling exchange reserves hint at sustained bullish momentum.
With the market cap now at $5.11 billion and 24-hour trading volume spiking 37.98% to $1.04 billion, PEPE’s short-term outlook is heating up amid rising altcoin market activity. Intriguing enough? Join me as I decode the potential entry and exit zones for you.
From an on-chain perspective, whale wallets added 3.8 trillion PEPE in July 2025, while exchange reserves dropped 1.14% this week, reducing immediate selling pressure. That said, large holders’ average entry price near $0.000009 means profit-taking could emerge if momentum stalls. A notable $5.2 million PEPE withdrawal from Binance highlights strategic positioning rather than panic selling.
On the daily chart, I’ve shared, PEPE price has successfully rebounded from a critical support zone near $0.0000095, forming a bullish cup-and-handle pattern. This structure, often associated with continuation rallies, is further validated by the recent breakout above the 30-day SMA at $0.00001213.
The RSI at 61 indicates there is still room for upside before overbought conditions set in. That being said, the Fibonacci retracement levels identify $0.000013568 as the next resistance. A decisive close above this level could ignite FOMO-driven buying toward $0.00001425.
However, it is worth noting that the MACD histogram remains in negative territory. This makes the $0.000011880 support crucial. A failure to hold above it may prompt profit-taking and slow momentum.
A close above $0.000013568 could trigger strong upward momentum toward $0.00001425.
$0.000011880 is the key support, losing it could invite short-term selling pressure.
Whale accumulation and declining exchange reserves are supporting price stability and reducing sell-side pressure.
The demand for Gold as a global reserve currency has surged in the past year.…
Justin Sun, the founder of the Tron (TRX) chain, has claimed initial unlock for his…
Shiba Inu’s price chart has been flashing signals that give traders reason to feel upbeat…
The altcoin market cap is testing the edge of record territory, with prices consolidating just…
For years, the crypto market has revolved around Bitcoin (BTC) dominance. Yet with every cycle,…
The crypto market is once again a buzzing space, and XRP has landed itself in…