- Pepe Coin whale holdings surged 10% in 30 days, reaching 8.63 trillion tokens despite the recent price dip.
- Pepe’s funding rate in the futures market has remained positive since July 29, signaling trader optimism for future gains.
- Pepe Coin price has historically bounced back 71% and 166% after retesting its key ascending trendline in June 2024 and April 2025.
Pepe Coin price has faced a significant price decline recently, but with rising whale activity, positive futures funding rates, and increasing exchange outflows, a potential rebound may be on the horizon.
Pepe Faces Downturn, but a Rebound is Possible
Pepe Coin price has faced a five-day losing streak, marking its longest in months. This decline has pushed the coin below its 200-day Exponential Moving Average (EMA), signaling further bearish momentum. The Relative Strength Index (RSI) dropped from 70 in July to 37, indicating the coin may be moving towards an oversold condition.
The coin could drop further to retest the ascending trendline that has supported it since March 2023. Historically, Pepe Coin has rebounded from this trendline, with price surges of 71% in June 2024 and 166% in April 2025 after touching it. This trendline could once again act as a key support level.
Source: TradingView
If Pepe Coin manages to hold above this trendline, it may target a return to its July high of $0.00001465, a potential gain of 37%. However, a fall below the trendline could lead to a further decline, with the next support level at $0.0000053.
Whales and Smart Investors Back Pepe Coin Amid Price Dip
Pepe Coin price has several positive factors supporting its potential price increase in the coming days. Whales and smart money investors are notably buying the dip, a sign of confidence in its future price growth. Over the last 30 days, whale holdings have surged by 10%, reaching 8.63 trillion tokens, despite the ongoing price decline.
Moreover, the funding rate in the futures market for Pepe Coin has remained positive since July 29, indicating that traders are optimistic about future price increases. This positive sentiment in the futures market suggests that many investors expect higher prices soon.
Source: Pepe whales
Additionally, Pepe Coin has seen a significant increase in exchange outflows since June 23, with investors continuing to move their tokens off exchanges. This trend indicates that many holders are confident and prefer to store their tokens in personal wallets rather than selling them.
Read Also:
