PEPE Whale Accumulation Amid Price Drop Signals Potential Bullish Reversal

Despite a recent 5.48% price decline in the last 24 hours, PEPE, the popular meme coin, is showing signs of a potential bullish reversal. This drop comes amidst broader market volatility, yet whale investors have accumulated a staggering 9 trillion Pepe tokens, valued at approximately $90 million. This significant purchase has reduced the exchange supply by 2.9%, creating conditions that could lead to a price rebound. Technical indicators further suggest underlying bullish momentum, hinting at a possible turnaround for PEPE. As of July 29, 2025, the market watches closely to see if this whale activity will catalyze a reversal in PEPE's fortunes.

PEPE Price Decline Contrasts with Whale Accumulation Signaling Potential Reversal

PEPE's price dropped 5.48% in the last 24 hours, trading at current levels amid broader market volatility. The meme coin's decline comes despite a notable accumulation of 9 trillion tokens by whale investors, valued at approximately $90 million. This substantial purchase reduced exchange supply by 2.9%, creating conditions ripe for a potential price reversal.

Technical indicators suggest underlying bullish momentum. A double golden cross pattern emerged alongside a symmetrical triangle breakout on July 23, historically reliable signals of upward price movement. The Relative Strength Index sits at 47.16, indicating neutral positioning with room for upward trajectory.

Market participants are watching closely as these conflicting signals play out. The whale activity represents one of the largest PEPE accumulations this quarter, while the technical setup hints at growing institutional interest. Such divergence between short-term price action and long-term accumulation patterns often precedes significant market moves.

PEPE Price Drops 8.5% Despite Whale Accumulation - Technical Analysis Shows Mixed Signals

PEPE's price fell 8.55% to $0.00 amid conflicting market signals, despite significant whale accumulation. Trading volume reached $181.4M as the PEPE/USDT pair showed neutral RSI at 47.82 and oversold Bollinger Bands conditions.

Whales accumulated 9 trillion PEPE tokens worth $90M, reducing exchange supply by 2.9%. This institutional buying contrasts with retail profit-taking following yesterday's 10% surge. The double golden cross formation from July 23rd suggests underlying bullish potential despite current bearish pressure.

Pepe Faces Critical Support Test Amid Short-Term Weakness

Pepe (PEPE) shows signs of faltering momentum after failing to breach the value area high resistance. The memecoin now approaches a decisive confluence of dynamic support and the 0.618 Fibonacci level—a zone that historically catalyzes trend reversals.

TradingView charts reveal weakening volume since the rejection, with price action slipping below the point of control. Market observers note this could either trigger a bullish reversal mirroring late April's rally or extend the correction toward value area lows.

The 1D PEPE/USDT chart illustrates this make-or-break scenario clearly. A hold above dynamic support WOULD reaffirm the broader uptrend originating from high timeframe support, while breakdown may prompt deeper retracement.