#Pepe

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𝙋𝙚𝙥𝙚 𝙋𝙧𝙞𝙘𝙚 𝙋𝙧𝙚𝙙𝙞𝙘𝙩𝙞𝙤𝙣 – 𝙒𝙝𝙖𝙡𝙚𝙨 𝘼𝙘𝙘𝙪𝙢𝙪𝙡𝙖𝙩𝙞𝙣𝙜 𝙁𝙖𝙨𝙩 𝙖𝙨 𝙑𝙤𝙡𝙪𝙢𝙚 𝙀𝙭𝙥𝙡𝙤𝙙𝙚𝙨 𝙋𝙖𝙨𝙩 $1.4𝘽: 𝙄𝙨 $1 𝙋𝙀𝙋𝙀 𝙎𝙩𝙞𝙡𝙡 𝙞𝙣 𝙋𝙡𝙖𝙮?

The new month has seen market participants flip from capitulation to accumulation, bringing new bullishness to the PEPE price outlook as volume tops levels unseen since early June.

Over $1.4 billion in transaction volume over the past 24 hours has pushed the meme coin to a 15% gain to start July, and it appears to be driven by more than purely retail flows

Whales are core contributors to this accumulation, increasing their holdings by over 5% over the past month to top $7.95 billion, according to Nansen data.

Smart money typically moves ahead of the market, placing interest in the month to come as a potential reversal point as PEPE remains 60% below its late-2024 high.

The total PEPE supply on exchanges has also dropped to its lowest level in over two years, falling to 246.82 trillion—a 2.66% decline since early July.

The early July surge has pushed Pepe to retest critical support at $0.00001035—the final barrier to confirming the breakout of a 6-month cup and handle pattern.

The MACD is also flashing bullish signals. While the daily chart has already confirmed a golden cross, the 3-day time frame could soon follow suit, hinting at a potential longer-term uptrend.

The coveted $1 target will likely hinge on more sustained long-term growth driven by increased adoption and deflationary measures like token burns, given the meme coin’s current $4.28 billion market cap.

However, if it fails, PEPE risks a false breakout and a continuation of its current downtrend.The next key support $0.0000079—aligned with the end of the prior Elliott Wave structure—potentially signaling a deeper correction.