Pepe Surges 4.367% in 24 Hours, Driven by Whale Accumulation

Pepe's latest price was $0.00001371, up 4.367% in the last 24 hours. This surge in Pepe's value was driven by significant whale accumulation, which propelled the token's value up by 78% in just two days. This rally triggered a breakout from a long-standing descending wedge, pushing Pepe into a steep uptrend. The Relative Strength Index (RSI) has since cooled slightly from overbought levels, indicating that the market is digesting gains without triggering heavy selling pressure. This consolidation phase suggests that Pepe is poised for further growth, with the potential to climb past $0.000025 and set a new six-month high.

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Despite its recent rally, Pepe's price action has shown signs of consolidation. After weeks of steady accumulation, Pepe's price exploded from $0.00000895 to $0.00001466, marking a 60%+ rally. However, since hitting local highs, Pepe has failed to produce new momentum highs, forming a tight range below $0.00001450. The daily chart shows price consolidating within a horizontal band, supported by the green zone near $0.00001250 and capped by resistance at $0.00001466. This level also aligns with the 38.2% Fibonacci retracement from the November 2023 top to the March 2025 bottom, reinforcing its significance. The ascending trendline from early May lows remains intact, with price continuing to respect higher lows on the 4-hour and 30-minute charts.

Momentum indicators are beginning to reflect fatigue following the earlier Pepe price spikes. On the 30-minute chart, RSI has dropped from overbought territory near 70 to 54.8, while the MACD histogram is flattening, with a bearish crossover visible. The Stochastic RSI also paints a near-term corrective picture, with both %K and %D lines falling under 20, hinting at oversold conditions—but with no bullish crossover yet confirmed. On the 4-hour chart, RSI has declined to the neutral 50–55 band, while MACD remains positive but narrowing, suggesting a possible pause or pullback before the next leg. This supports a cautious stance unless the bulls can generate fresh volume above $0.000014.

Despite the impressive breakout earlier this month, Pepe's price remains capped beneath a thick resistance band between $0.00001400 and $0.00001466. This region corresponds with both historical supply from the November-December 2023 rallies and Fibonacci confluence zones. The inability to close above this level over the last four daily sessions indicates strong seller interest and potential exhaustion of short-term bulls. Additionally, Bollinger Bands on the 4-hour chart have started to contract, and price is moving sideways near the midline—often a precursor to lower volatility phases or mini-corrections.

The short-term outlook for Pepe hinges on whether it can defend the rising trendline and horizontal support near $0.00001295. As long as price holds above this level, the structure remains bullish with a potential for breakout toward $0.00001560 and beyond. However, if sellers push Pepe's price below $0.00001295 on rising volume, a retest of the $0.00001180–$0.00001220 zone becomes likely. This would also invalidate the current ascending wedge structure forming on the intraday charts. Traders should watch for confirmation above $0.00001388, where Bollinger Band resistance and EMA cluster resistance coincide. A clean breakout could trigger another wave toward $0.000015 and potentially $0.00001684—the 50% Fibonacci retracement level. Until then, the sideways Pepe price action and weakening indicators suggest consolidation may persist.