Pepe Coin (PEPE) has surged to a daily high of $0.00001480 before undergoing a 10.6% correction. Despite the recent dip, PEPE remains up 37% over the past week, with trading volume hitting a 3-month peak. This breakout raises questions: Could PEPE rally 15X after overcoming a five-month resistance level?
PEPE Trading Volume Hits 3-Month High: What It Means
Daily trading volume for PEPE has skyrocketed to $7.23 billion across Ethereum, BSC, and Arbitrum One networks—levels last seen during the August 5 market crash. Key takeaways:
- Increased volatility: The Average Directional Index (ADX) confirms rising trading activity.
- Whale interest: Large transactions surged from 100 to 1,020 weekly, per IntoTheBlock data.
- Analyst sentiment: CryptoZeus describes PEPE as "Monstrously Bullish," anticipating a historic bull run.
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Technical Analysis: Can PEPE Rally 1500%?
Bullish Indicators
- Price above key SMAs: PEPE sits above the 50-day and 200-day moving averages, with the 50-day SMA acting as support.
- Triangular breakout: The consolidation pattern breakout suggests strong upward momentum.
- Volume surge: Sustained high volume could validate the breakout’s strength.
Critical Levels
| Level | Price Target | Significance |
|---|---|---|
| Resistance 1 | $0.00002214 | 0.27 Fibonacci extension |
| Resistance 2 | $0.00002798 | 0.618 Fibonacci extension |
| Support | $0.00001119 | 0.38 Fib retracement zone |
Chart note: A drop below $0.00001119 would invalidate the bullish outlook.
Whale Activity Fuels the Rally
- 104% weekly inflow increase: Large holders are accumulating PEPE aggressively.
- 195% monthly growth: Whale participation has nearly tripled since October.
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FAQ: PEPE Price Surge Explained
Why is PEPE’s price rising?
The breakout coincided with a 3-month volume high and increased whale activity, driving bullish momentum.
Is PEPE’s trend still bullish?
Yes, with price above key SMAs and a confirmed breakout pattern—provided support holds.
How significant is whale involvement?
Critical. Large transactions jumped 10X in a week, indicating strong institutional interest.
What’s the long-term outlook?
If the 1500% rally materializes, PEPE could test $0.00019749 (Wave 3 target). However, watch for fakeouts below $0.00001119.
Investment Disclaimer: This analysis reflects market conditions at publication. Conduct independent research before investing. The author and publisher disclaim liability for financial losses.
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