PEPE Stabilizes Near Key Support as Futures Open Interest Surges 36.6% to $1.02B Analysts Watch $0.0000147 Breakout

PEPE, the third-largest memecoin and 28th-largest cryptocurrency by market capitalization, has stabilized near a critical support zone following a recent pullback from intraday highs. The asset currently trades within a consolidation range of $0.00001183 to $0.00001299, with technical indicators and on-chain metrics suggesting cautious optimism for a potential upward move. A breakdown of key developments includes:

The price has found support above the $0.0000125–$0.000013 range, a level that previously acted as a descending trendline before the recent breakout. The RSI on the weekly timeframe stands at 53.4, signaling balanced momentum between buyers and sellers. Analysts note this mid-range reading aligns with historical patterns preceding meme coin rallies [1]. Meanwhile, Coinglass data reveals a 36.6% surge in PEPE futures open interest to $1.02 billion in July, up from $748 million in June, reflecting heightened speculative activity [2].

On-chain analysis highlights accumulation by large holders, with Santiment tracking over 42.16 billion tokens acquired by addresses holding 100K to 100M PEPE in July. This follows reduced exchange inflows and fewer large sell-offs, suggesting decreased selling pressure and positioning by institutional-grade investors [2]. The 24-hour trading volume of $3.6 billion further underscores the asset’s liquidity and market engagement.

Technical analysts are closely monitoring the $0.0000147 level as a pivotal threshold for bullish confirmation. A sustained breakout above this price could validate a continuation of the uptrend, according to Raintures, which also notes PEPE’s market presence and community-driven narrative as structural strengths [1]. Conversely, a retest of the $0.0000125 support remains a risk, with traders advised to watch volume shifts and RSI divergence for directional clues.

The cryptocurrency’s $5.2 billion market cap positions it as a major player in the memecoin sector, but its trajectory will depend on broader market sentiment and competition from emerging projects like $PENGU, which has shown recent momentum in 2025 [1]. While whale activity and technical conditions support a case for optimism, market participants are urged to remain cautious until the $0.0000147 level is decisively cleared.

Sources:

[1] [PEPE Stabilizes at Key Support Zone, Analysts Watch $0.0000147 for Bullish Confirmation] https://cryptofrontnews.com/pepe-stabilizes-at-key-support-zone-analysts/

[2] [PEPE Stabilizes at Key Support Zone, Analysts Watch $0.0000147 for Bullish Confirmation] https://cryptofrontnews.com/pepe-stabilizes-at-key-support-zone-analysts/