- PEPE consolidates at 50/200-day EMAs, with bullish momentum and resistance at $0.000013000 being the key breakout trigger.
- Whale activity and 75% large-holder dominance signal strong backing despite recent volatility and realized losses.
- Stochastic RSI crossover and rising OBV indicate short-term upside, supported by 62% of holders in profit.
Pepe coin has shown notable resilience after a sharp pullback from its May peak of $0.000016. On June 10, at the time of publication, PEPE rebounded to $0.000012 after touching early June lows, gaining by 11.20% in the past 24 hours.
Over the week, it had a slight 1.70% increase. The broader meme coin market also surged, gaining over 6% on Tuesday, pushing its total market cap above $62 billion. PEPE led this rise, outpacing Dogecoin and Shiba Inu, which climbed more than 5% each on Monday.
This recovery coincides with technical activity around the 50-day and 200-day exponential moving averages. PEPE currently consolidates at these EMAs, showing signs of a mid-term crossover.
PEPE’s Heavy Accumulation and Realized Losses
Onchain Lens reported that a whale moved 1 trillion PEPE tokens worth $11.65 million into Binance on June 8th. This deposit followed an earlier withdrawal of 2.209 trillion PEPE valued at $27.68 million just 21 days prior.
After the recent transfer, the wallet still holds 1.2 trillion PEPE worth $14 million, a net loss of $1.95 million. The transaction shows continued whale-level involvement and an inclination to realize losses under current market prices.
According to IntoTheBlock, large PEPE holders now control 75% of the circulating supply. Meanwhile, 62% of holders are currently in profit, 6% at break-even, and 32% remain out of profit.
Notably, 36% of holders have kept their assets for over a year, while 57% held between 1 to 12 months. These metrics confirm strong investor engagement despite recent volatility.
Momentum Indicators Suggest Upward Bias
Technical indicators show rising accumulation and growing investor interest since April. The Accumulation/Distribution (A/D) line is at 95.167 trillion, suggesting no signs of mass selling. On-Balance Volume (OBV) at 202.788 trillion also supports this trend, supporting positive movement over the past week.
The Stochastic RSI shows current levels at 58.35 crossing above 3-day RSI at 43.58, climbing from the oversold level. This crossover indicates continued bullish momentum, with a short-term upside bias still intact.
Resistance and Support Zones
PEPE’s price faces a firm resistance at $0.000013000. It has repeatedly failed to close above this mark since early May. However, the $0.000011500 zone, aligned with both EMAs, has consistently held as dynamic support. Sustained consolidation between these levels may provide the ground for a breakout.
Volume indicators and investor behavior now become essential to determine short-term direction. A breakout above resistance or rejection at the level will guide PEPE’s price movement into June 11.
Potential Price Scenarios for June 11, 2025
On the upside, if volume increases and PEPE breaks above $0.000013000, price may reach $0.000013600 to $0.000014000. However, if resistance holds and momentum weakens, PEPE could drop back to $0.000011700 or even $0.000011500.
PEPE has regained strength after a weak start in June, backed by whale transactions and strong holder metrics. It is trading near key EMAs, with technicals suggesting a possible upward shift. However, a close above $0.000013000 is key for confirmation. Price direction in the short term depends on whether volume sustains and resistance breaks.
