Pepecoin (PEPE) is showing noticeable growth in August, drawing traders’ attention due to increased interest and activity from major investors. Let’s explore current trends and forecasts for PEPE's price.
Are Whales Backing Pepe?
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. 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.
PEPE Price Analysis
On the daily chart, PEPE 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. 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.
Frequently Asked Questions
What is the next price target for Pepecoin? A close above $0.000013568 could trigger strong upward momentum toward $0.00001425. What support level is crucial for PEPE to maintain its rally? $0.000011880 is the key support, losing it could invite short-term selling pressure. How are whales influencing PEPE’s price? Whale accumulation and declining exchange reserves are supporting price stability and reducing sell-side pressure.
Pepecoin shows notable growth due to major investors' support and positive technical signals. Maintaining critical levels will be important for further growth.
