PEPE Surges Nearly 7%, Breaks Through Key Resistance

PEPE’s price jumped approximately 4.9% to 7% in the past 24 hours, trading in the range of $0.000013–$0.000014 after successfully breaking a critical technical resistance at $0.00001321, supported by a strong base near $0.00001200 (Indiatimes, CoinMarketCap, AInvest). This rally was accompanied by a significant increase in trading volume, reflecting strong retail investor enthusiasm and the potential for further bullish movement (Tribune India, Crypto.news, Coin Edition).

Key Drivers Behind the Surge

1. Ethereum Momentum
Ethereum’s rally of around 6% attracted capital inflows into ERC‑20-based memecoins, including PEPE. PEPE’s daily trading volume hit $2.5 billion, up by 44%, signaling renewed enthusiasm among traders.
 

2. Technical Pattern Breakout
PEPE successfully broke out of a falling wedge and cup-and-handle formation, opening the door for potential gains toward $0.000020–$0.000025 (Indiatimes, Coin Edition, CoinMarketCap). Technical analysis also highlighted a double golden cross and favorable EMA movements, reinforcing the continuation of a bullish trend.
 

3. Whale Activity and Open Interest
Whale accumulation surged by 11.8% over the past 30 days, while exchange supply declined, indicating a long-term holding strategy (Crypto.news, The Economic Times). Futures open interest also climbed from $455 million to $685 million, strengthening market sentiment.

4. Memecoin Market Dynamics
Overall memecoin market capitalization rose by about 29–30% throughout July, supporting PEPE’s rally.

Key Technical Levels

• Resistance: $0.0000135–$0.000014; next targets: $0.0000152 to $0.0000178, and potentially $0.000020–$0.000025.

• Support: $0.0000120–$0.0000125 (critical to maintain the trend); below that, $0.0000105–$0.0000110 as the primary demand zone.

• RSI: 70–72, approaching the overbought zone, suggesting a potential short-term pullback, though the overall uptrend remains intact.

Projection and Outlook

Short-Term: If PEPE holds above $0.0000120 and breaks $0.0000135, it may extend gains toward $0.000015–$0.0000178.
Mid-Term: Aggressive targets lie between $0.000020–$0.000025, provided the bullish momentum continues.

Risks and Challenges

• Technical: A mild correction could occur if RSI faces rejection and trading volume weakens.

• Macro: Movements in Bitcoin, altcoins, or global economic news between July 18–22 could impact overall market sentiment.

PEPE’s price surge on July 18, 2025, was driven by a combination of positive factors: Ethereum’s rally, bullish technical breakouts, whale accumulation, and strengthening in the memecoin sector. If PEPE can maintain key support and break through critical resistance levels, the path toward $0.000015–$0.000020 remains wide open. However, investors are advised to remain cautious of potential pullbacks due to overbought conditions.