PEPE consolidates near key resistance as whale accumulation grows, raising trader expectations for a potential breakout soon.
Pepe (PEPE) is holding close to a key resistance area after recent price swings, drawing attention from traders and analysts. The frog-themed memecoin has been consolidating in a narrow range, suggesting that a breakout move could be approaching. 🐸💥
Market watchers are closely monitoring whale accumulation and price patterns for signs of the next direction. 🕵️♂️
Galaxy, a crypto analyst, noted that PEPE has a tendency to stay near its trendline for weeks after breaking out. 🐸⏳
In a past cycle, the token moved sideways for about 40 days before making a strong advance, and the current phase is near the 30-day mark. This observation has added to the speculation that the token could soon attempt a move higher. 📉📈
likes to stay around the trendline for a while after breaking out.
Last time it took 40 days before some serious moves, we are now around day 30.
– Galaxy (@galaxyBTC)
Whale Activity Suggests Accumulation Continues
Large PEPE holders have increased their positions despite recent weakness in the memecoin market. Data from Nansen shows that the top 100 PEPE wallets on Ethereum boosted their holdings by 1.5 percent in the past 30 days. 🐸💰
Over the same period, PEPE balances on exchanges dropped by 0.5 percent, indicating that coins are being moved to private wallets. 🏦
Steph, another prominent voice in the crypto space, predicted that PEPE could create new millionaires in the coming months. Such optimism comes even as the token has fallen by about 4 percent in the last 24 hours, underperforming both the broader crypto market and other memecoins. 💸💸
will create many new millionaires in the next 2-3 months!
– STEPH IS CRYPTO (@Steph_iscrypto)
Technical Picture Shows Consolidation Below Resistance
PEPE is trading in a $0.0000081 range over the last session, a spread of around 7 percent between the high and low. 📉📈
The peak price was $0.0000126621, but repeated attempts to move above $0.000012 met strong selling pressure. This resistance zone remains a key level for traders to watch. 🚧
The token found support near $0.0000118094 and then moved between $0.00001181 and $0.00001198 for most of the day. This tight range indicates indecision in the market, as both buyers and sellers wait for a clearer signal. 🤔
PEPE closed the session at $0.0000118, just above support but still under selling pressure. 🐸📉
Trading volumes have also slowed compared to earlier in the week, suggesting reduced buying interest. Without stronger demand or fresh market catalysts, the token may struggle to sustain an upward breakout. 🚧
However, the presence of whale accumulation offers a counterpoint to the weaker volume trends. 🐸💪
Market Outlook Focuses on Resistance Break
Moreover, reclaiming and holding above the $0.000012 resistance zone will be critical for PEPE to attract new momentum. If this level is cleared with strong volume, the token could target higher resistance zones and extend its upward trend. 🚀
Failure to break above it may lead to another test of lower supports. 🐸📉
Whale accumulation and reduced exchange balances suggest that some large holders are positioning for a possible bullish move. This buying activity, combined with historical patterns noted by traders like Galaxy, is fueling expectations of a breakout if market conditions improve. 🌟
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2025-08-15 07:55