Pepe News: Why is PEPE’s price up today?
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Pepe News: Why is PEPE’s price up today?

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Pepe News: Why is PEPE’s price up today?

Table of Contents

Pepe News: 17/07/2025

Pepe’s 4.9% 24-hour gain aligns with Ethereum’s rally, bullish technicals, and memecoin sector momentum.

  1. Ethereum’s surge lifted ETH-based memecoins like PEPE.
  2. Cup-and-handle breakout targets $0.000025, per technical analysis.
  3. Memecoin market cap surged 29% in July, boosting speculative interest.

1. Primary Catalyst: Ethereum Rally

Ethereum rose 6.2% to $3,341, driving capital into ETH-based assets. PEPE’s 24-hour volume spiked 43.7% to $2.54B, reflecting retail inflows tied to ETH’s momentum.

2. Technical Breakout Signals

  • Cup-and-handle pattern: Confirmed on July 17, targeting $0.000025.
  • MACD bullish crossover: Histogram widened to +0.000000371, signaling accelerating momentum.
  • RSI at 70.69: Near overbought but not extreme, leaving room for upside.

3. Memecoin Sector Momentum

The memecoin market cap grew 29% in July to $72B (CMC News), with PEPE up 22% this week. Traders rotated into high-beta tokens as the Altcoin Season Index rose 30% weekly.

PEPE’s rally reflects Ethereum’s strength, technical optimism, and sector-wide memecoin demand. Watch the $0.000014 Fibonacci extension level for confirmation of continued upside.

What’s next: Can PEPE sustain momentum if ETH faces resistance near $3,500?

What is the latest news on PEPE?

PEPE shows bullish momentum (+23% weekly) fueled by Ethereum’s rally, retail inflows, and technical breakouts, though overbought signals and whale profit-taking pose risks.

  1. +463K holders signal growing retail adoption
  2. Ethereum’s 6.2% surge drives memecoin demand
  3. Overbought RSI (64) flags short-term correction risk

Deep Dive

1. Market Metrics

PEPE hit $0.000014 on July 16 – a 45-day high – with $2.48B 24H volume (+46% vs prior day). Retail traders dominate recent moves:
  • Whale transactions (>$100K) dropped 33% to $166M (vs $248M peak on July 11)
  • Holder count crossed 463,000, up 2.8% monthly, indicating grassroots adoption

2. Technical Developments

  • Ethereum ecosystem tailwinds:
    PEPE’s 30% weekly gain aligns with ETH’s 6.2% rise and leadership changes at Ethereum Foundation
  • Key levels:
    Resistance: $0.0000135 (upper Bollinger Band)
    Support: $0.0000108 (mid-Bollinger) – 20% below current price

3. Community & Governance

  • High-risk speculation: Trader James Wynn opened $23.9M BTC long and leveraged PEPE positions using referral rewards, risking 100% loss on 10% price dip
  • Derivatives activity: Open interest rose 8.2% to $705M, with longs paying 0.0107% funding rate to maintain positions
PEPE’s rally combines Ethereum’s momentum, retail FOMO, and technical setups, but sustainability hinges on holding $0.0000125 support. Can PEPE decouple from ETH if the broader market corrects?
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CMC AI can make mistakes, please DYOR. Not financial advice.
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