PEPE currency surges by 70%? Analysis of three major reasons PEPE is expected to surge again in July

PEPE currency surges by 70%? Analysis of three major reasons PEPE is expected to surge again in July! PEPE rebounded 17.85% two days after forming local lows around $0.00001300 and is currently trading as high as $0.00001340 on June 12. The rally was accompanied by an increase in trading volume, indicating increased confidence among traders, which could further fuel upward momentum.

At least three indicators point to a strong PEPE market outlook, suggesting that the memecoin’s price could surge by 50% by the end of June. Let's explore these potential catalysts in detail.

Today, the editor of this website will share with you three major reasons why PEPE is expected to rise by 70% again in July. All currency friends in need should take a look!

PEPE/USDT daily price chart. Source: TradingView

PEPE’s rising wedge pattern suggests a 70% rise ahead

As of June 11, PEPE’s price is hovering near the lower trendline of the current rising wedge pattern, indicating potential There is support and a possible rebound to the upper trendline around $0.00002661, which represents a gain of approximately 70% from current price levels.

PEPE/USDT daily price chart. Source: TradingView

A rising wedge usually resolves when price breaks below the lower trendline, accompanied by an increase in trading volume, resulting in a sharp decline. However, PEPE’s continued bounce off the trendline suggests that such a breakdown is not imminent.

Two key support levels near the wedge’s lower trendline underpin this potential rally: the 50-day exponential moving average (50-day EMA; red wave) and the 1.0 Fibonacci retracement level.

However, a break below this support could trigger a bearish scenario, with possible downside targets ranging between $0.00000283 and $0.00000642 by the end of June or July, depending on the breakdown.

Whales’ accumulation of holdings indicates market confidence

The PEPE market is showing bullish signs due to continued accumulation and holding behavior by the largest investors.

The percentage of PEPE supply held by the largest holders (1 billion or more) has remained relatively stable, fluctuating slightly around 96.02%. This suggests that the largest investors did not significantly adjust their positions during the price correction in June.

#PEPE supply is distributed among entities with unlimited token balances of 1 million. Source: Santiment

Smaller holders, including those holding 10 million to 100 million PEPE and 1 million to 10 million PEPE, actively accumulate holdings when prices fall, indicating retail investment Participants’ engagement and confidence increased.

Overall, the increasing proportion of small- and mid-cap PEPE holders suggests broadening market interest and strategic accumulation, boosting the upside outlook for June.

Upcoming Fed Decision and Market Reaction

PEPE is expected to rise by 50% by the end of June on expectations that the Fed may cut interest rates in September.

UBS chief strategist Bhanu Baweja said the Federal Reserve chairman will keep the option of cutting interest rates early amid rising U.S. unemployment, which rose to 4% in May from 3.9% the previous month.

Bond traders have also increased their bets on a 250 basis point (bps) interest rate cut in September, with the odds up from a month ago ahead of the June 12 Federal Open Market Committee (FOMC) meeting. 48.6% rose to 50%.

Those bets caused a sharp drop in U.S. Treasury yields ahead of the FOMC meeting, with the benchmark 10-year Treasury yield falling 180 basis points in one day.

Daily performance chart of the U.S. Treasury 10-year yield. Source: TradingView

Lower bond yields increase the opportunity cost of holding non-yielding risky assets like cryptocurrencies. This may increase trader interest in the riskiest memecoins such as PEPE, Dogecoin, Bonk (BONK) and others in June.

Today, the editor of this site will share with you the 70% surge in PEPE currency? Analysis of the three major reasons why PEPE is expected to surge again in July. I hope you like it!

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