We looked at ETH Beta’s just a couple of days ago. Since then, some of them have already popped. $UNI and $EIGEN both moved over 10% in a short time. Now it’s time to zoom in on the $PEPE price. While it’s technically a meme coin, $PEPE could also be considered an ETH Beta. After all, it’s one of the biggest Ethereum-based meme tokens in the market.
Now that Ethereum looks bullish, let’s dive into the charts of PEPE, the signals, and the sentiment to see what’s next for the frog.
Strong Bounce, but Still Far from the Top
The $PEPE price has been heating up lately. Over the past 30 days, it gained more than 52%. This week alone, it added another 2%, despite market uncertainty.
Still, it’s worth noting that $PEPE is trading well below its all-time high. Its market cap peaked at $10.43 billion but now sits around $5.7 billion. That’s a 40–45% drop from the top.
That doesn’t mean it’s over. If anything, it could be gearing up for another major move.
RSI Enters Overbought Zone Again
Looking at the technicals, we can see some early signs of momentum returning. The Relative Strength Index (RSI) on the 4-hour chart is creeping back into overbought territory. The last time it hit these levels was in November 2024, during a meme coin frenzy.
Along with this, we see a structure of higher lows forming. This pattern shows that buyers are stepping in more aggressively with each dip.
Key Resistance: $0.0000148
One level stands out: $0.0000148. It’s a major resistance point. $PEPE has tried to break through this zone a few times but failed.
If it clears that level with strong volume, we could see fireworks. A clean breakout might send the $PEPE price up another 30%, possibly toward the $0.00002 zone.
That move would likely attract more traders, both retail and whales.
Meme Coin Market is Still Struggling
Even though $PEPE is showing signs of life, the broader meme coin market hasn’t fully recovered. Coins like $DOGE, $WIF, and $BONK are still bouncing between support and resistance.
This matters because meme coins often move together. If $PEPE is going to return to its former highs, it will probably need a full meme coin rally to support it.
$PEPE Coiling Like Dogecoin in 2021?
Some analysts are comparing the current $PEPE setup to Dogecoin’s legendary move in April 2021. The price is forming a consolidation wedge, coiling between key support and resistance. At the same time, volume is dropping.
This type of structure often appears before big breakouts.
So far, the $PEPE price has ranged between highs of $0.000015 and lows of $0.00000528. Despite the wild swings, the overall trend seems to be up.
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Whale Accumulation Surges 257%
One of the more exciting developments is whale activity. According to on-chain data, whale activity on the PEPE network jumped by 257%.
This includes wallet movements and trades between $1 million and $10 million. When large players enter or reposition, it often leads to price volatility. In this case, it might be setting the stage for a bullish surge.
It’s not just one or two whales either. It seems to be a coordinated wave of accumulation. That’s usually a strong sign.
The ABC Wave Setup
Zooming in on the charts, there’s a textbook ABC wave forming. On the 4-hour timeframe, PEPE completed an ABC correction. Now it looks ready for the next impulse wave up.
Interestingly, this same ABC structure also played out on the smaller timeframes. That could mean we’re aligning across multiple charts—a powerful setup.
It’s possible we retest the neckline before breaking out. But there’s also a strong chance we run straight from here.
Here’s how I’m playing it:
- First Entry: Now
- Second Entry: around $0.00001279
- Stop: $0.00001259
- Target: $0.00001816
What’s Next for the $PEPE Price?
The $PEPE price is looking more bullish than it has in weeks. We’re seeing rising volume, whale activity, bullish technicals, and signs of accumulation.
However, resistance is still heavy, and meme sentiment remains fragile. One tweet or macro event could change the mood quickly.
For now, it’s a promising setup. A break of $0.0000148 could be the trigger that lights the next meme rally.
If the broader market follows, $PEPE could easily revisit $0.000018 or even $0.00002.
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Final Words
We’ve seen it before. Meme coins can sit still for weeks and then double in 24 hours. That’s just how this game works. $PEPE has the ingredients for a move: hype, whales, and a technical setup that’s hard to ignore.
If you’re already in, manage your risk but enjoy the ride. If you’re on the sidelines, don’t chase green candles blindly.
If you enjoyed this blog, check out the story of the Coinbase hackers demanding $20 million.
As always, don’t forget to claim your bonus below on Bybit. See you next time!
