Pepecoin Rallies as Whale Moves and Shrinking Reserves Boost Bullish Hopes
- PEPE price has surged 9.77% in 24 hours and 17.11% over the week, fueled by whale accumulation and shrinking exchange reserves.
- Technicals show a bullish cup-and-handle breakout above the 30-day SMA, with RSI at 61 and key resistance at $0.000013568.
- MACD remains negative, making $0.000011880 a critical support level to hold for continued momentum.
Pepecoin’s making a strong push this August — notching a 9.77% daily gain and 17.11% over the past week. Sitting at $0.0000122, PEPE’s price action has the attention of both traders and long-term holders. On-chain data, showing whale accumulation and declining exchange reserves, hints that this upswing could have more fuel in the tank.
The market cap has climbed to $5.11 billion, with 24-hour trading volume surging almost 38% to $1.04 billion. In a hot altcoin market, PEPE’s recent activity puts it firmly in the spotlight.
Whales Quietly Loading Up
Large wallets accumulated 3.8 trillion PEPE in July 2025, while exchange reserves slipped 1.14% this week — easing short-term selling pressure. Many whales entered around $0.000009, meaning if momentum slows, some profit-taking could show up quickly. A notable move saw $5.2 million worth of PEPE withdrawn from Binance — likely calculated positioning, not panic selling.
Technicals Point to More Upside… with a Catch
On the daily chart, PEPE has rebounded cleanly from the $0.0000095 support zone, forming a bullish cup-and-handle pattern. Breaking above the 30-day SMA at $0.00001213 reinforces the bullish case.
RSI stands at 61, leaving room for further gains before overbought conditions kick in. Fibonacci retracement levels place the next resistance at $0.000013568, and a strong close above could spark FOMO buying toward $0.00001425.
Still, the MACD histogram remains negative, making $0.000011880 an important support to watch. If that level breaks, momentum could fade, leading to profit-taking and slower price action.
The post Pepecoin Rallies as Whale Moves and Shrinking Reserves Boost Bullish Hopes first appeared on BlockNews.
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Pepecoin Rallies as Whale Moves and Shrinking Reserves Boost Bullish Hopes
- PEPE price has surged 9.77% in 24 hours and 17.11% over the week, fueled by whale accumulation and shrinking exchange reserves.
- Technicals show a bullish cup-and-handle breakout above the 30-day SMA, with RSI at 61 and key resistance at $0.000013568.
- MACD remains negative, making $0.000011880 a critical support level to hold for continued momentum.
Pepecoin’s making a strong push this August — notching a 9.77% daily gain and 17.11% over the past week. Sitting at $0.0000122, PEPE’s price action has the attention of both traders and long-term holders. On-chain data, showing whale accumulation and declining exchange reserves, hints that this upswing could have more fuel in the tank.
The market cap has climbed to $5.11 billion, with 24-hour trading volume surging almost 38% to $1.04 billion. In a hot altcoin market, PEPE’s recent activity puts it firmly in the spotlight.
Whales Quietly Loading Up
Large wallets accumulated 3.8 trillion PEPE in July 2025, while exchange reserves slipped 1.14% this week — easing short-term selling pressure. Many whales entered around $0.000009, meaning if momentum slows, some profit-taking could show up quickly. A notable move saw $5.2 million worth of PEPE withdrawn from Binance — likely calculated positioning, not panic selling.
Technicals Point to More Upside… with a Catch
On the daily chart, PEPE has rebounded cleanly from the $0.0000095 support zone, forming a bullish cup-and-handle pattern. Breaking above the 30-day SMA at $0.00001213 reinforces the bullish case.
RSI stands at 61, leaving room for further gains before overbought conditions kick in. Fibonacci retracement levels place the next resistance at $0.000013568, and a strong close above could spark FOMO buying toward $0.00001425.
Still, the MACD histogram remains negative, making $0.000011880 an important support to watch. If that level breaks, momentum could fade, leading to profit-taking and slower price action.
The post Pepecoin Rallies as Whale Moves and Shrinking Reserves Boost Bullish Hopes first appeared on BlockNews.
Читать больше
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