Pepe Coin has come roaring back to life, defying bearish sentiment with a sudden $500 million volume surge that’s reigniting trader excitement. The late Monday spike saw traders turn bullish on near-term price action, with the 10% gain marking a potential renewed push in the Pepe price forecast . Risk-on sentiment has returned to the meme coin scene with easing tensions between Iran and Israel, turning attention back to macro catalysts. The headwinds created by the U.S. tariff war narrative are starting to clear, with a China trade deal, EU willingness to enter trade talks, and an India deal expected soon. JUST IN: US & India to announce new trade deal "very soon." pic.twitter.com/wNEux0lmIz — Watcher.Guru (@WatcherGuru) June 30, 2025 $500 Million Surge Reverses Immediately: What’s Going on? With the sudden pump having since reversed back to the $0.0000095 launchpad that triggered it, these bullish pressures are in question. The weekend saw a sharp rise in the 4-hour RSI from oversold conditions near 30 to overbought levels at 70, but the move lacked follow-through, triggering a swift correction that signals weak conviction. According to IntoTheBlock data , large PEPE transactions—exceeding $100,000—have declined by 93% from 32.9 trillion three weeks ago to the current 2.06 trillion. Pepe large transaction volume. Source: IntoTheBlock. This sharp decline in whale activity suggests major holders are hesitant to accumulate, likely waiting for further downside before re-entering the market. This comes as the profit-to-loss ratio reaches its highest level since May, soaring to 2.55 according to Santiment data —there’s $2.55 in unrealized gains for every $1 in losses. This heightened risk of profit-taking could explain why smart money is standing by on the Pepe price move, adding weight to the case for short-term caution. Pepe Price Analysis: Is Pepe in for a Crash? The ongoing retest of key support at $0.0000095 could be key the the breakout of a 6-month cup and handle pattern. This level marks the final barrier to a newly forming uptrend, with pressure building at a confluence zone where price action meets the handle’s upper resistance trendline. Since completing the corrective phase of a potential Elliott Wave structure, the setup favors a bullish continuation aligned with the broader trend of the pattern. The MACD supports this outcome, building a marginal lead above the signal line after a weekend golden cross—early signs that the uptrend could persist into the short term. More so, the RSI also finds stability in an uptrend below the neutral line, moving away from recent bearish dominance. Should the breakout occur, the pattern projects a target near $0.000020, representing a 117% move from current levels. However, if $0.0000095 fails to hold, the next major support lies near $0.0000079—aligned with the end of the final corrective C wave of the Elliott wave formation—potentially signaling a deeper correction. A Smarter, Safer Crypto Wallet Has Arrived – And It Could Replace MetaMask Best Wallet ($BEST) is a next-gen crypto wallet designed to rival MetaMask and Phantom, offering faster swaps, lower fees, and support for 50+ blockchains—all without giving up control of your assets. It also introduces tools like “ Upcoming Tokens ” – a crypto screener that allows users to identify and invest in top ICOs while they are still flying below most investors’ radars. This utility extends to TradFi with Best Card, replacing the traditional debit card. It allows seamless real-world transactions using stablecoins anywhere that Mastercard is accepted. Best Wallet is already making waves, raising over $13.6 million in the presale for its new $BEST utility token. Its app is already featured on Google Play and the App Store. To learn more about Best Wallet, follow its official X , Telegram , or visit the Best Wallet website . The post Pepe Coin Price Prediction – $500M Volume Surge Has Traders Asking: What’s Really Going On? appeared first on Cryptonews .
