Pepe price rose for four consecutive days as smart money investors bought the recent dip and as Ethereum crossed the resistance at $2,600. Pepe coin ( PEPE ) climbed from last week’s low of $0.000011 to a high of $0.00001285. This rebound occurred in a high-volume environment, with 24-hour trading volume surging by 40% to $1.05 billion. Pepe rallied for several reasons. First, the recent crypto market crash has stalled over the past few days. Bitcoin ( BTC ) has risen from last week’s low of $103,000 to $105,400, while Ethereum ( ETH ) rose to $2,650 Pepe is highly sensitive to Ethereum price movements because it is the second-biggest meme coin in its ecosystem after Shiba Inu ( SHIB ). For instance, it crashed by 81% between its high in November last year and its low in April, as Ethereum tumbled from $4,000 to $1,300. Pepe has also jumped as on-chain data indicates accumulation by both smart money and retail investors. The number of PEPE holders has risen to 446,000, up from 366,000 on January 1. You might also like: HYPE jumps 15% on Binance US listing news, eyes breakout to new ATH Nansen data shows that tokens held by smart money investors have surged by 150% in the past 30 days to 642 billion coins. Similarly, those held by whales have increased by 4% to 10.06 trillion—a sign that these investors expect prices to continue rising. Pepe smart money buying | Source: Nansen Additional data shows that the supply of Pepe coins on exchanges has been in a steady decline. It dropped to 104.85 trillion, down from 160 trillion at the start of the year. Falling supply suggests that investors are holding rather than selling. On-chain data on Pepe holders and exchange supplies | Source: Santiment Pepe price technical analysis Pepe chart | Source: crypto.news The daily chart shows that Pepe has rebounded from a low of $0.000005815 in April to $0.00001260. It has formed a golden cross pattern, with the 50-day and 200-day moving averages crossing, a technical setup that often signals long-term bullish potential. Therefore, further gains will be confirmed if the price breaks above the key resistance level at $0.00001615, the May high. If that occurs, the next level to watch is $0.00002830, representing a 123% increase from the current price. A drop below the support at $0.000010 would invalidate the bullish outlook. You might also like: Here’s why the Root Network crypto price is surging
