On-Chain Metrics Recover: Is PEPE Set to Break Out Toward $0.00001296?

On-chain data is rising, active addresses are growing in sync with whales.

According to data from the on-chain analysis platform Santiment, the number of daily active addresses for PEPE has increased from 9,000 last week to over 15,000 currently, reflecting a continuous increase in market participation. At the same time, in the past 48 hours, three new whale addresses (wallets holding over 100 million PEPE) have appeared on the blockchain.

More importantly, the inflow to the exchange has shown a significant decline, shifting to a “net outflow” state, which means more users are choosing to transfer their PEPE assets out of the exchange and into a long-term holding state. This behavior often reflects investors’ bullish attitude towards future price trends.

Technical analysis: PEPE is approaching the critical point of an ascending triangle.

In terms of technical patterns, PEPE has established a clear “ascending triangle consolidation structure” since the low in June, and the price is approaching the upper edge of the structure, indicating the possibility of a breakout at any time. Observe the current key indicators:

• The MACD indicator has formed a golden cross, and the bullish momentum has strengthened.
• RSI is at 58.9, not yet overbought, but entering the strong zone;
• The Bollinger Bands are opening upwards, and the price has been running above the middle band for several consecutive days.

Technical analysis suggests that if PEPE successfully breaks above 0.00001045, it is expected to directly challenge the yearly resistance high of 0.00001296.

Key Price Level Analysis: Three Points to Assist Mid-term Breakthrough

PEPE’s current trend structure is good, with key price levels as follows:

• Short-term support level: 0.00000949 (bottom of consolidation platform)
• Resistance level above: 0.00001296 (previous head)
• Target range: above 0.00001500 (community hot topic level)

If the current price can stabilize above 0.00001045 for more than 3 days and maintain an increasing trading volume, the probability of breaking through 0.00001296 will significantly increase.

Community sentiment driving: PEPE is returning to the meme spotlight

On X (formerly Twitter), Telegram, and Reddit, the keyword popularity of PEPE has increased by over 70% in just one week. Several KOLs in the meme sector have stated, “PEPE is the most explosive candidate in this round of rebound.”

For example, the user@WhaleHunterIn a tweet released in the early hours of July 8, it was mentioned: “PEPE’s trading volume has doubled, and the on-chain wallet outflow has decreased, which is a very obvious signal of the main force accumulating strength.” This type of market sentiment has continuously strengthened short-term chasing behavior, driving PEPE to become a current hot cryptocurrency.

Operation Suggestions: How Should Different Types of Investors Allocate Their Resources?

Short-term investor advice:

• If the price strongly breaks through 0.00001045 and is accompanied by increased trading volume, you can enter with a small position, targeting 0.00001296.
• If there is a surge in volume but the price stagnates, it is advisable to be cautious and set a stop-loss below 0.00000949;
• It is not advisable to heavily invest during high volatility; reasonable position control is the best strategy.

Long-term investors’ advice:

• You can gradually position when the price retraces to the support level, with 0.00000949 as the risk control bottom line;
• If the price breaks through 0.00001296, additional positions can be added to aim for the potential space in the 0.000015 range;
• Pay attention to the flow of funds from on-chain large holders and community activity as an auxiliary means of trend tracking.

Market Outlook: Does PEPE have the conditions for sustained growth?

From the current market structure, PEPE has multiple upward driving forces:

1. On-chain active wallets and whale addresses continue to grow;
2. The technical shape is clear, entering a key breakthrough period.
3. Community enthusiasm is rising, and investor confidence is strengthening.
4. The meme market has not yet experienced a collective retreat; instead, there are signs of a new round of speculation.

Of course, we cannot ignore risk factors, such as the systemic risks brought by Bitcoin volatility, or the sudden sell-offs by large on-chain holders, which may trigger sharp price corrections in the short term.

Summary

PEPE is at a critical turning point. If it successfully breaks through 0.00001296, its price structure will undergo a substantial change and is expected to open a new upward channel. For investors, this is both an opportunity and a challenge. Be sure to set a stop-loss strategy, act within your means, and avoid blindly chasing highs. Understanding the trend and waiting patiently is key to navigating market noise.