Today's jump in PEPE's price is a combination of several key factors:
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🐋 1. Large purchases by 'whales'
We see clear accumulation by wallets holding between 10 million and 100 million tokens — their number has increased by over 4 trillion PEPE, indicating the 'whales' awareness and their confidence in further growth.
At the same time, PEPE balances on exchanges are decreasing — fewer tokens for sale means less supply available and greater upside potential.
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📈 2. Volume dynamics and technical breakout
The daily trading volume of PEPE reached levels of $1–1.7 billion, representing an increase of 300–400% compared to recent days.
The price has broken through a key resistance level around $0.00001200–$0.00001280 and is bouncing off these levels – classic trend reversal.
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🔄 3. Signals from technical charts
The 'breaking Heikin Ashi candle' formation and a series of increasingly higher lows indicate a potential beginning of a new uptrend.
The RSI index is just below the overbought level (~69–70), indicating that there is still room for further increases before a correction begins.
Additionally, a classic 'falling channel' pattern has formed – its breakout usually heralds increases, sometimes even 50‑75% of the range.
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🌐 4. Overall return of interest in memecoins
PEPE is rising amidst an overall wave of optimism around memecoins — e.g., the CoinDesk Memecoin Index has risen by over 7%.
Improvement in sentiment in the cryptocurrency market (e.g., Bitcoin, Ethereum) adds extra energy to altcoins, including PEPE.
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Summary
1. **'Whales' are accumulating**, taking tokens out of circulation.
2. Volume is exploding, indicating high interest.
3. Breakouts of technical levels and formations suggest continuation of the trend.
4. The entire memecoin market is regaining momentum, with PEPE leveraging it as 'meme coin season'.
📌 **What to pay attention to:**
Retest of the broken resistance (~$0.0000128) – maintaining it will confirm the continuation of the uptrend.
RSI – if it goes above 70, short-term corrections are possible.
Upcoming macro data (e.g., inflation, central bank decisions) – could spike volatility in the days of July 18–22.
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Conclusions: today's significant jump in PEPE is due to the synergy of strong accumulation, sharp volume, technical chart structure, and a positive climate in the memecoin sector. If everything holds, we could potentially see further increases, even above $0.000015 or more in the coming weeks.
