PEPE Price Prediction – PEPE Could Rebound to $0.00001163 as Bears Show Weakness

Highlights:

• PEPE is showing signs of a recovery after a 5-day correction
• Rally off current price levels could push PEPE to $0.00001163 resistance
• Rebound is likely, as markets appear to have priced in Canada/India tariffs

PEPE (PEPE) is in the red today, reflecting the correction across the market today. When writing, PEPE was trading at $0.000001052, down by 9.52% in the day. However, compared to most altcoins that are down by over 20% in the day, PEPE is doing reasonably well. It indicates that PEPE holders are not panic-selling their tokens despite the selloff across the market. 

At the same time, PEPE trading volumes are only marginally up in the day compared to most altcoins, whose volumes are up by over 100% in the day. PEPE trading volumes are only up by 17% to $930 million. This further points to the fact that PEPE holders are not mass liquidating. It could indicate that investors have faith in the long-term standing of PEPE as an investment. A couple of factors support such an outlook for PEPE. 

Tariffs On Canada and India Trigger PEPE Price and Broader Market Selloff

One of them is that the ongoing selloff has nothing to do with PEPE, but macro factors. The markets are broadly in the red today, from stocks to cryptocurrencies, as markets take on a risk-off stance. This follows a move by the US to introduce 35% tariffs on Canada and 25% on India, triggering fears across the global economy. However, these are likely short-term price movements as the worst of the tariffs is over.

🚨Trump hits India with 25% tariffs, Canada to 35% — because India and Russia are doing business!

India-Russia ties? Punish India.

Canada? Pay more.

Trump to Russia: Sanctions.

Trump to allies: “Follow me or face tariffs!”

This isn’t leadership. It’s tantrum diplomacy. pic.twitter.com/zydx1LnWkF

— Manni (@ThadhaniManish_) August 1, 2025

The US has already secured deals with its most important trading partners, including the EU, China, the UK, and Japan. This means the markets will likely absorb news of the tariffs on the two countries faster and rebound strongly. This would lead to a strong rally for stocks and cryptocurrencies, which tend to do well in risk-on environments. For meme coins like PEPE, this could mean double-digit gains.

PEPE Holders Not Panic-Selling

There is also the fact that even among meme coins, PEPE has elite status. It is one of the few meme coins with credibility due to its longevity in the market and transparency. As such, in the event of a marketwide rebound, PEPE has a higher potential for a significant price move than most meme coins. This may also explain why holders are not panic-selling. The prevailing sentiment is that despite the macro-triggered correction, bulls are soon returning to the market and could push PEPE to new highs in the short term. 

Bitcoin Market Structure Still Bullish – Good for PEPE Price

Then there is the fact that the Bitcoin market structure is still bullish. Despite the correction in the last 24 hours, Bitcoin’s charts still point to a bullish skew. Since altcoins’ overall trade is in the direction of Bitcoin, continuing Bitcoin’s upside momentum could uplift the broader market, including PEPE. With the ongoing strong institutional flow of capital into Bitcoin, the rally that has lasted months could continue. By extension, this could mean a bull rally for PEPE, pushing its price to new highs in the short term.

$BTC

Structure remains bullish as long as price holds above 110k USD 🐂

(NFA) #Bitcoin #BTC pic.twitter.com/0RoxQ2Di7i

— JDK Analysis 🇪🇺 (@The_JDK99) August 1, 2025

Technical Analysis – PEPE Attempting Rebound After 5-Day Correction

After a correction that started on July 25, PEPE appears to have found sound support at $0.00001040. If this support holds and the market rebounds, a rally could follow. In such a case, PEPE could retest the $0.00001163, now a critical resistance level.

On the other hand, if bears take control and push PEPE price through the $0.00001040 support, then a correction to prices below $0.00001 could follow. Of these two scenarios, a rebound to $0.00001163 is more likely as bears show signs of weakness.