Pepe Coin Traders Eye $0.00001230 Support Amid 253% Rally Potential as Open Interest Hits $1B

Pepe Coin ($PEPE) finds itself at a critical juncture as traders and analysts debate its near-term trajectory. The token, currently trading at $0.00001259, has retreated from a recent surge and is now consolidating just above a key support level at $0.00001230. Technical indicators suggest mixed signals, with the 9 and 21 exponential moving averages (EMAs) positioned above the current price, indicating potential downward pressure. The Relative Strength Index (RSI) at 46.12 reflects indecision, though it has not yet entered oversold territory. A stabilization phase is unfolding on the 4-hour chart, with bulls hoping for a reversal following the formation of a local bottom [2].

A bullish scenario hinges on PEPE successfully defending the $0.00001230 support and breaking above the 21 EMA, which could trigger a rally toward $0.00001391 and eventually $0.00001500—a major psychological barrier. Analysts note that broader crypto market sentiment, particularly Bitcoin’s performance, could amplify this upward movement. A successful retest of key resistance levels may reignite trader confidence, especially if the token manages to break out of a symmetrical triangle pattern formed since March 2025. Historical data shows three failed attempts to breach the $0.0000147 resistance in January and May 2025, but a 253% rally to $0.000050 is projected if the pattern holds [1]. CoinDCX and Mitrade analysts have projected a 10%–15% increase to $0.00001400 by late July 2025, contingent on sustained buyer control above current levels [3].

Conversely, a breakdown below $0.00001230 could expose PEPE to further losses. The next support levels at $0.00001183 and $0.00001064 are under threat, with a worst-case scenario pointing to a slide toward $0.00001000—a major psychological level. The red path on the 4-hour chart illustrates this bearish trajectory, which could accelerate if Bitcoin weakens or meme coin sentiment wanes. A breakdown could also trigger a retest of early-July levels, given the token’s 23% monthly gain despite remaining 56.4% below its late-2024 peak of $0.00002803 [4].

Whale activity adds complexity to the outlook. Open interest for PEPE surged to an all-time high of $1 billion on July 23, despite a 5.3% price decline during the same period. Whale transactions spiked 107% in 48 hours, from 6.04 trillion to 12.56 trillion tokens, signaling strategic positioning ahead of a potential move [1]. This divergence between price action and open interest suggests growing speculative positioning, though it remains unclear whether large holders are accumulating or preparing to offload. Coinglass data corroborates the open interest surge, highlighting PEPE’s role in speculative trading [1].

Market sentiment remains polarized. While the On-Balance Volume (OBV) indicator shows consistent buying pressure at lower levels, the recent price decline contrasts with this bullish divergence. AInvest analysts caution that a sustained rally above $0.0000147 would validate the triangle pattern and align with the 253% target [1]. Conversely, a breakdown could reignite bearish momentum, particularly if the $0.0001 psychological barrier proves insurmountable [5]. Ethereum’s performance is also a critical factor, as its strength could amplify PEPE’s upward movement but has yet to provide clear momentum [5].

The coming weeks will be pivotal for PEPE. Traders will closely monitor volume dynamics to determine whether recent inflows can sustain a bullish trend. A clear breakout above $0.0000147 would validate optimistic forecasts, while a breakdown could signal a prolonged bearish phase. For now, the token remains a microcosm of the high-stakes, high-volatility environment defining meme coins in 2025 [6].

Sources:

[1] [Pepe Coin Eyes Breakout as Price Drops and Open Interest Hits $1B] (https://coinmarketcap.com/community/articles/6882ca25960a504cf76a410d/)

[2] [PEPE Price Prediction: DANGER for Pepe Coin as Price Might Break Lower...] (https://cryptoticker.io/en/pepe-price-prediction-danger-for-pepe-coin-bounce-or-break-lower)

[3] [Pepe Price Prediction: Over $1 Billion Now Betting on PEPE] (https://www.coindcx.com/blog/price-predictions/pepe-price-prediction/)

[4] [Crypto Price Prediction Today 25 July – XRP, Pepe, Shiba...] (https://cryptonews.com/news/crypto-price-prediction-today-25-july-xrp-pepe-shiba-inu/)

[5] [Pepe Coin Fails to Clear $0.0001 as Mutuum Finance...] (https://www.ainvest.com/news/pepe-coin-fails-clear-0-0001-mutuum-finance-surges-16-67-13m-presale-momentum-2507/)

[6] [PEPETO to $1? Bigger upside than Cardano's $5 run] (https://crypto.news/cardano-eyes-5-but-pepetos-move-to-1-could-create-massive-returns/)