- Pepe surged 10% to $0.00001108 as whale accumulation and bullish signals point to a potential breakout.
- Over 9 trillion PEPE tokens worth $90M were accumulated by whales, as exchange supply dropped by 2.9%.
- Pepe coin momentum in July 2025 is backed by strong technicals, with resistance near $0.0000123 in focus.
The cryptocurrency market has recorded a sustainable increment in the last 24 hours, with its total market capitalization increasing by 2.29% to $3.47 trillion. The enhanced trading activity aided this growth, where daily volume rose to $140.68 billion, indicating enthusiasm towards high-risk digital assets once again.
Meme coins were the first movers, followed by a major overall increase of 6.45% to amass a value of $59.94 billion. The market also experienced an increase of over 60% in its daily trading volume, meaning plenty of altcoin rotation.
Pepe Climbs Toward Key Resistance Level
Top performers also included Pepe, which has also remained in the spotlight among retail and institutional investors alike. As of press time, Pepe is trading at a price of $0.00001112, which has a 24-hour gain of nearly 8.66%. The roll seems to be backed by some good technical levels and positive on-chain metrics.
Also Read: Pepe Price Prediction: Can Whale Accumulation Push It to $0.0000012?
The movements in the price of Pepe are closely monitored by the market watchers, particularly since the currency is well on course to breaching the resistance level of 0.0000123. Confirming a breakout above this barrier may be a step forward to the next big target of $0.000014, which is the previous high of the token in February 2025.
The recent rally in price is becoming tightly coupled with greater concentration by large holders. High-value transfers have spiked, according to the data provided by a blockchain analytics company, Santiment. Wallets transferring more than 100,000 and 1 million Pepe were up on a steady basis between June 29 and July 9.
Within the month, whales gathered almost 9 trillion PEPE tokens, which is estimated at $90 million. Such an activity produced a 1.75% rise in the general whale holding. The increasing accumulation has correspondingly been accompanied by an exchange-held supply decrease of 2.9%, implying that the tokens are being transferred to cold wallets as opposed to being readied to sell off.
The increased neutering of large transactions on July 9 takes place along with the recent breakout of prices. This is a hint that long-term players are anticipating being on the right side of an upward move. It further gives strength to the current Pepe coin trend in July 2025.
Bullish Structure Forms as Pepe Eyes Higher Targets
Technically, the move is bullish on the prospects of Pepe. The price has broken a number of major moving averages, such as 50-day, 100-day, and 200-day averages, which now stand at $0.00001004, $0.0000098,2 and 0.00001037, respectively. These are the moving averages that have become the points of support.
More context is given by Fibonacci retracement levels. The price has already overcome the 1.0 Fib at 0.00001079, and the next resistance can be noticed by the 1.618 level at 0.00001163. In case momentum is maintained, additional upside levels will be at $0.00001299 and $0.00001435.
On the negative side, the support lies at present near $0.00001050, which refers to the 0.786 Fib retracement. In case the price falls below this, the interest will be on the 0.618 Fib of the price at the price of $0.00001027.
Price action has not weakened, indicating that this is just a temporary pullback, as the price is consolidating before the next move. With the Pepe coin still gaining momentum in July 2025, traders are keen on price confirmation not only in regard to the volume but also the strength.
Also Read: PEPE Price Ready To Moon As Experts Give Expectations Of A 20x Surge
