- PEPE jumped by 15.32% daily after a whale bought $2.68M worth, triggering a breakout with RSI at 67.54 and volume up 123.5%.
- SUNDOG surged by 6.75% post-Binance Alpha listing, with volume up by 92.78% and RSI at 62.20, signaling growing bullish momentum.
- Meme coin market cap rose by 10.41% to $66.81B; broader rotation and BTC rally drove PEPE and SUNDOG’s leveraged long interest.
The meme coin market has posted notable gains, with total cap rising by 10.41% to $66.81 billion in the past 24 hours. Trading volume also jumped by 47.64% to $15.31 billion, indicating renewed interest in high-risk tokens.
PEPE and SUNDOG led this surge, each driven by separate but notable catalysts. At press time, PEPE was trading at $0.00001279, gaining by 15.32% on the day and 30.99% in the past week.
SUNDOG followed closely, up by 6.75% daily and 14.54% weekly, priced at $0.06373. The uptick in price and volume comes amid bullish patterns, whale activity, and exchange developments, all contributing to market momentum.
Technical Breakout and Whale Buying Fuel PEPE’s Climb
PEPE’s latest rally began with a confirmed breakout from a falling wedge pattern formed between early June and early July. The token surged past the $0.000011 resistance level, supported by a 123.5% spike in volume to $1.34 billion.
This pattern, known for reversing downward trends, marked the start of PEPE’s current uptrend. According to Lookonchain, a whale address spent $2.68 million to buy 227.8 billion PEPE tokens just 12 hours before the rally.
Another report from Onchain Lens confirmed that this buyer had been dormant for over six months. These transactions triggered a liquidity squeeze, with exchange balances dropping by 2.9% between June 29 and July 9. Volume has remained strong, reaching 16.41 trillion PEPE in daily trades.
The MACD indicator shows a bullish crossover, and the RSI is at 67.54. These technical signals align with the breakout and suggest increasing market activity. PEPE’s circulating supply is at 420.68 trillion, while its market cap is at $5.38 billion.
SUNDOG Gains on Binance Alpha Listing and Improved Liquidity
SUNDOG saw its price rise following its listing on Binance Alpha, becoming the first TRON-based meme coin on the platform. The listing took place on July 11 and helped push the token’s trading volume up by 92.78% to $28.21 million.
Increased liquidity from the listing opened access for new investors and institutions. The bullish momentum was further strengthened by the earlier July 8 launch of the SUNDOG/USD1 stablecoin pairing. This improved liquidity dynamics, a critical factor for meme coins’ growth.
Meanwhile, technical indicators showed a price move from $0.06066 to $0.06801, breaking slightly above the upper Bollinger Band. Current RSI for SUNDOG is 62.20, trending toward overbought levels, while volume activity supports the breakout pattern.
Key resistance is at $0.0688, with technical targets extending to $0.0743 based on Fibonacci extension levels. SUNDOG’s current market cap is $63.57 million, with a circulating supply of 997.42 million.
Broader Market Rotation Adds Upward Pressure
Both tokens are benefiting from a broader meme coin sector rotation, driven by Bitcoin’s price surge to $118,340. This movement helped push crypto derivatives volume up by 87% to $1.69 trillion in one day.
The Fear & Greed Index rose to 67, indicating stronger speculative sentiment across the market. PEPE recorded a 42.35% volume-to-market cap ratio, indicating sustained trader interest.
SUNDOG followed with a similar 44.32% ratio, showing considerable activity post-listing. Futures open interest in PEPE also rose by 19.4% to $559.8 million, suggesting a rise in leveraged long positions.
Both PEPE and SUNDOG have had increased traction through a mix of technical strength, exchange listings, and market volatility. Their rallies show how whale actions, breakout signals, and broader crypto moves can align to create rapid price movement in meme coin sectors.
