PEPE Price Surges 15% as Whale Accumulation Drives Bullish Momentum

Generated by AI AgentCoin World
Saturday, Jul 12, 2025 10:32 pm ET1min read
BTC
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PEPE, a memecoin, has entered the fifth wave of its Elliott pattern, indicating a bullish momentum that could push its price toward $0.000028 and beyond by 2026. This development is supported by several key factors, including whale accumulation, significant outflows from exchanges, and rising open interest in leveraged long positions.

According to analysis by Steph Is Crypto, PEPE has been following a five-wave Elliott pattern since early 2025. The asset is now entering wave 5, which is expected to continue into 2026. The previous waves have shown consistent upward strength with higher highs and higher lows. After completing wave 4, analysts anticipate that the asset may begin a new rally.

Technical indicators also support this bullish outlook. PEPE has broken above the 200-day Exponential Moving Average and a prolonged descending trendline, exiting a consolidation zone. This move was followed by three consecutive bullish green candles. As of July 12, 2025, PEPE traded at $0.000001273, gaining 15% in 24 hours. Trading volume rose 70%, reflecting continued interest and upward pressure. If this pattern continues, PEPE may rise another 22%, targeting the $0.000016 level. The Falling Wedge Breakout structure observed by Crypto Catalyst supports a move toward $0.000028 and above.

Whale activity has also played a significant role in PEPE's recent price movements. According to blockchain analyst Lookonchain, a whale wallet (0x06b3) spent $2.68 million to buy 227.8 billion PEPE. This trade occurred just before

Bitcoin
hit its all-time high, suggesting strategic accumulation. Whale buying continues to support upward movement and strong market confidence.

Data from CoinGlass shows over $9.80 million in PEPE outflows from exchanges in the past 48 hours, reflecting accumulation trends. Traders have also built leveraged long positions at $0.00001246 and $0.00001296, worth $2.61 million and $1.65 million respectively. Open interest increased 2.44% to $676.32 million, while 24-hour derivatives volume stood at $3.72 billion. Long/short ratios show bullish positioning, especially on OKX and Binance. According to Crypto Catalyst, “The bullish wave has started,” with market structure showing support for higher price targets.