Pepecoin price has staged a strong comeback in August, delivering a 9.77% daily gain and a 17.11% surge over the past week. Trading at $0.0000122, PEPE’s price action is drawing attention from traders and investors alike. This is as whale accumulation and falling exchange reserves hint at sustained bullish momentum. 

With the market cap now at $5.11 billion and 24-hour trading volume spiking 37.98% to $1.04 billion, PEPE’s short-term outlook is heating up amid rising altcoin market activity. Intriguing enough? Join me as I decode the potential entry and exit zones for you.

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. That said, 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, I’ve shared, PEPE price 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. That being said, 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.

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