PEPE and Dogecoin saw gains of 17% and 6.7% respectively as Bitcoin surged to $116,000 on July 10, boosting interest in high-beta assets.
PEPE's technical breakout from a falling wedge pattern on July 10, supported by indicators like RSI and MACD, signaled a bullish reversal.
Whale accumulation of over 9 trillion PEPE created supply pressure, with the top 10 holders controlling 37.5% of the total supply and open interest in PEPE futures increasing.
RSI signaling short-term overbought conditions but with a strong setup, PEPE eyes $0.000014 as the next target, dependent on Bitcoin's performance and profit-taking.