TLDR:
- PEPE has surged over 80% in just seven days, trading around $0.00001425
- Whale transactions between $1M-$10M have increased by 750%
- Technical indicators show strong bullish momentum with RSI above 70
- PEPE broke through key resistance at $0.000013 and above its 200-day EMA
- Next target price levels are $0.000016, $0.000021, and potentially $0.00002649
Pepe Coin has been making waves in the crypto market with an extraordinary price surge of over 80% in just one week. The frog-themed meme coin, currently trading around $0.00001425, has caught the attention of both retail investors and whales alike.
The recent rally resembles previous surges seen in November and February 2024. Market watchers are now speculating whether PEPE could reach new all-time highs in the near future.
From a technical perspective, PEPE is showing strong bullish signals. The Relative Strength Index (RSI) currently sits above 70, indicating robust buying pressure despite being in overbought territory.
The MACD indicator displays a strong crossover with upward-trending histograms, confirming that buyers remain firmly in control of the market.
Perhaps most telling is the Average Directional Index (ADX), which has reached 71.88. This rare reading suggests the current uptrend is particularly powerful and unlikely to reverse in the immediate term.
PEPE has successfully broken above its 200-day Exponential Moving Average and the 61.8% Fibonacci retracement level of $0.00001426. These technical breakouts typically open the door for further price increases.
Whale Activity Skyrockets
One of the most striking developments has been the massive increase in whale activity. Data shows that transactions between $1 million and $10 million have spiked by 750%.
Transactions ranging from $100,000 to $1 million increased by 177.94%, while those between $10,000 and $100,000 rose by 173.93%.
This surge in large-volume trading indicates growing interest and confidence from institutional players and wealthy investors in PEPE’s upside potential.
One notable whale, tracked by Lookonchain, initially went long on TRUMP before quickly closing that position and opening a new 10x leveraged long position on PEPE. This trader reportedly holds an unrealized profit of $81,000 already.
A whale went long on $TRUMP 2 hours ago but quickly closed the position and got partially liquidated due to the sharp drop in $TRUMP.
He then opened a new 10x long on $PEPE and is now sitting on an unrealized profit of $81K.https://t.co/HsCg8XZpA1 pic.twitter.com/RJvLVMYPTY
— Lookonchain (@lookonchain) May 11, 2025
The futures market tells a similar story of growing optimism. Open Interest in PEPE futures has hit a record $595.36 million, up from $398 million just days ago.
This reflects new money flowing into the market and suggests growing confidence among traders. The long-to-short ratio has increased to 1.09, the highest in more than a month.
Over $3 million in short positions were closed in a 24-hour period, with $1.14 million of those closures happening within just four hours. These forced liquidations of bearish positions have likely contributed to PEPE’s rapid price appreciation.
Despite significant inflows of PEPE to exchanges – $10.52 million on May 12 alone and $18.55 million over the week – the price has continued to rise. This suggests strong buyer demand is absorbing the selling pressure.
Data from IntoTheBlock reveals that the average holding time of transacted PEPE remains under one month. This indicates that while short-term traders are taking profits, long-term holders appear to be maintaining their positions in anticipation of further gains.
Market analysts are now eyeing $0.000016 as the next critical resistance level. If PEPE can sustain a close above this mark, a rally toward $0.000021 (the January high) becomes increasingly likely.
In a more optimistic scenario, PEPE could reach as high as $0.00002649, based on Fibonacci projections. Some analysts even suggest a potential 38% rally if PEPE closes a daily candle above $0.0000155.
However, caution is warranted as the RSI’s extremely high reading of 85.40 signals an overbought market. This raises the possibility of short-term pullbacks or a period of consolidation.
If a correction occurs, immediate support lies at $0.000013, followed by deeper support at $0.000010.
The combination of technical strength, increased whale activity, and rising trading volumes suggests PEPE is experiencing more than just a temporary surge. Whether this momentum can carry it to new all-time highs will depend on the market’s ability to maintain this bullish sentiment in the days ahead.
At press time, PEPE was trading near $0.000015, having surged over 17% in the past 24 hours with trading volume up by 40%.
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