PEPE Price Surges 10%, Breakout to $0.000014 or Bull Trap?

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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!

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