PEPE Price Surge: Ethereum Rally Drives 28% Monthly Gains as Bulls Target $0.000024
Peter Zhang Jul 24, 2025 19:04
PEPE trades with bullish momentum after 10% daily rally, supported by whale accumulation and Ethereum's surge. Double golden cross signals potential move to $0.000024.

Quick Take
• PEPE currently showing bullish momentum despite minor 24h correction of -0.31% • Double golden cross formation signals strong technical setup for Pepe • Ethereum's surge driving PEPE hype with 28% monthly gains recorded • Whale accumulation of 9 trillion PEPE tokens worth over $90M provides strong support
What's Driving Pepe Price Today?
The PEPE price has experienced remarkable momentum over the past week, primarily driven by Ethereum's significant surge that has ignited broader memecoin enthusiasm. The most impactful catalyst came on July 17 when Pepe coin experienced a powerful 10% daily rally, reaching $0.00001108, supported by exceptional on-chain metrics and confirmed technical setups.
Whale activity has emerged as a crucial driver behind PEPE's recent performance. Large holders accumulated approximately 9 trillion PEPE tokens worth over $90 million during the recent rally, demonstrating institutional-level confidence in the token's short-term prospects. This substantial accumulation has provided a strong foundation for the current price action.
The correlation with Ethereum's performance has been particularly notable, as ETH's surge created a ripple effect across the broader altcoin market. Analysts have identified a double golden cross formation in PEPE's chart structure, which historically signals sustained bullish momentum and has traders eyeing a potential target near $0.000024.
PEPE Technical Analysis: Bullish Signals Emerge
Based on Binance spot market data, Pepe technical analysis reveals a compelling bullish setup despite today's minor pullback. PEPE's RSI currently sits at 55.94, placing it firmly in neutral territory with room for upward movement before entering overbought conditions. This positioning suggests healthy momentum that could support further price appreciation.
The MACD histogram shows bullish momentum for Pepe, indicating that buying pressure continues to outweigh selling pressure in the current market structure. Pepe's Stochastic indicators present a mixed picture with %K at 39.16 and %D at 58.14, suggesting the token is neither oversold nor overbought, providing flexibility for directional movement.
The Bollinger Bands analysis shows PEPE's %B position at 0.5986, indicating the price is trading slightly above the middle band, which typically suggests balanced momentum with slight bullish bias. This technical configuration supports the narrative of controlled upward movement rather than speculative bubble conditions.
Pepe Price Levels: Key Support and Resistance
Current PEPE/USDT trading levels indicate several critical zones that traders should monitor closely. While specific numerical values aren't available in the current dataset, the technical structure suggests Pepe support levels have been strengthened by recent whale accumulation activity.
The immediate resistance zone represents the first hurdle for PEPE bulls, while the stronger resistance level aligns with the analysts' target near $0.000024. Breaking through immediate resistance could trigger momentum-driven buying that pushes PEPE toward its stronger resistance zone.
On the downside, Pepe support levels appear robust given the substantial whale accumulation that occurred during the recent rally. The immediate support should provide the first line of defense for PEPE holders, while the stronger support level represents a critical zone where major holders are likely to defend their positions.
Should You Buy PEPE Now? Risk-Reward Analysis
For aggressive traders, the current PEPE price action presents an intriguing opportunity following the recent whale accumulation and technical breakout. The double golden cross formation and bullish MACD momentum suggest the trend remains intact despite today's minor correction. However, traders should maintain strict stop-losses below the immediate support level to protect against sudden reversals.
Conservative investors might consider waiting for a deeper pullback to the stronger support zone before establishing positions. The 24-hour trading volume of $262,933,435 on Binance spot indicates healthy liquidity, reducing the risk of significant slippage during position entries and exits.
Risk management remains crucial given PEPE's inherent volatility as a memecoin. The recent 28% monthly gain demonstrates the token's potential for substantial moves, but traders should size positions appropriately and avoid overleveraging. Setting profit targets near the $0.000024 resistance level provides a reasonable risk-reward ratio for current market conditions.
Conclusion
PEPE price action over the next 24-48 hours will likely depend on Ethereum's continued performance and whether whale accumulation patterns persist. The technical setup remains bullish with PEPE's RSI in neutral territory and MACD showing positive momentum. Traders should monitor the immediate resistance level for potential breakout signals while maintaining awareness of support zones for risk management. The combination of fundamental catalysts and technical alignment suggests PEPE could continue its upward trajectory, making it a noteworthy consideration for both short-term traders and momentum investors.
Image source: Shutterstock