PEPE Price Surges 9.75% as Whale Accumulation Drives Bullish Momentum

Quick Take

• PEPE currently trading at $0.00 (+9.75% in 24h)
• Symmetrical triangle pattern suggests potential 25% upside breakout
• Major whale accumulated 807 billion PEPE tokens worth $1 million yesterday

What’s Driving Pepe Price Today?

The recent PEPE price surge stems from significant whale activity that occurred on August 8, 2025, when an unidentified investor purchased approximately 807 billion PEPE tokens for $1,000,300 at $0.000001239 per token. This massive accumulation has created substantial upward pressure on the PEPE/USDT trading pair, contributing directly to today’s impressive 9.75% price gain.

Adding fuel to the bullish momentum, PEPE trading volume experienced a dramatic 111% surge to $1.37 billion on August 6, accompanied by an 8% price increase. This volume spike indicates renewed institutional and retail interest in the meme token, with current Binance spot trading volume maintaining elevated levels at $182,153,762 over the past 24 hours.

The confluence of whale accumulation and increased trading activity has created a positive feedback loop, where higher prices attract more buyers, further supporting the current PEPE price trajectory.

PEPE Technical Analysis: Bullish Signals Emerge

Pepe technical analysis reveals a compelling setup with multiple indicators supporting continued upward momentum. The most significant development is the formation of a symmetrical triangle pattern identified on August 7, which typically signals a continuation of the prevailing trend. Technical analysts suggest this pattern could deliver a 25% upside move if PEPE successfully breaks above its 50-day moving average.

PEPE’s RSI currently sits at 55.87, positioning the token in neutral territory with room for further appreciation before reaching overbought conditions. This PEPE RSI reading indicates healthy momentum without excessive buying pressure, suggesting the rally has sustainable characteristics.

The MACD histogram shows bullish momentum for Pepe, with the indicator trending toward a positive crossover. Meanwhile, Pepe’s Stochastic %K at 69.91 and %D at 55.72 demonstrate strong momentum while remaining below extreme overbought levels.

PEPE’s Bollinger Bands position at 59.57% suggests the token is trading in the upper portion of its recent range, indicating bullish sentiment while maintaining room for additional gains before reaching the upper band resistance.

Pepe Price Levels: Key Support and Resistance

Based on Binance spot market data, Pepe support levels and PEPE resistance zones are critical for traders planning their next moves. The immediate PEPE resistance sits at the upper Bollinger Band, where profit-taking pressure may emerge from short-term traders.

The primary Pepe support levels align with the 20-day moving average, which has provided reliable buying opportunities during recent pullbacks. Strong support exists at the lower Bollinger Band, representing a key level where long-term holders have historically added to positions.

The symmetrical triangle pattern creates a clear resistance level at the triangle’s upper trendline, while the lower trendline provides dynamic support. A decisive break above the triangle resistance could trigger the anticipated 25% upside move, making this level crucial for PEPE price action in the coming sessions.

Should You Buy PEPE Now? Risk-Reward Analysis

For aggressive traders, the current PEPE price setup offers an attractive risk-reward profile with multiple bullish catalysts converging. The whale accumulation provides a strong fundamental backdrop, while the symmetrical triangle pattern offers a clear technical roadmap for potential gains.

Conservative investors might consider waiting for a pullback to Pepe support levels around the 20-day moving average before initiating positions. This approach reduces entry risk while maintaining exposure to the broader bullish trend.

Swing traders can leverage the PEPE RSI neutral reading and bullish MACD momentum by entering on any minor dips with stops below the triangle’s lower support. The 25% upside target from the triangle pattern provides a clear profit objective for position sizing.

Risk management remains crucial given PEPE’s inherent volatility, with the daily ATR indicating significant price swings are normal for this token. Based on Binance spot market data, traders should position sizes appropriately to withstand normal volatility while capturing the potential upside.

Conclusion

PEPE price momentum appears set to continue in the near term, supported by significant whale accumulation and favorable technical indicators. The symmetrical triangle pattern provides a clear roadmap for the next 24-48 hours, with a break above resistance potentially triggering the anticipated 25% upside move. Traders should monitor the PEPE/USDT pair closely for volume confirmation of any breakout attempt, while maintaining appropriate risk management given the token’s volatile nature.

Image source: Shutterstock