TLDR:PEPE price holds near $0.0000116 while analysts expect a breakout pattern to play out in August.Trading volume cools, but tightening price action signals rising pressure for a sharp market move.Fear and Greed Index at 72 shows high greed despite PEPE’s neutral technical outlook.Analysts warn of a potential September pullback before a possible Q4 fifth-wave rally.The memecoin market has been unusually quiet, but tension is rising around PEPE. Analysts expect the calm to break this August. A well-watched fractal suggests an explosive move is on the horizon. Traders are watching closely as price levels tighten and volume cools down. Many believe this could be the start of a bigger market-wide shift.Analyst Flags PEPE Price SetupCrypto trader Chris McCrypto noted that PEPE has not yet shown its “main move” but sees August as the trigger point. We still haven’t seen 'the move' for $PEPE yet, but the pressure is building. At some point in August, I’m expecting a sharp breakout to the upside as per this fractal.This feels like it's shaping up to be the setup for $PEPE, and possibly for the broader market too.Market… https://t.co/dOF0Wk4fW8 pic.twitter.com/CfWrMdn0Z7— Chris McCrypto (@ChrisMcCrypto) July 31, 2025He pointed out that a breakout could mirror previous fractal patterns that marked major rallies. According to his view, this setup could also spill into the broader crypto market, adding to the anticipation.He also warned of what comes next. After a potential surge in August, he expects a familiar September pullback that could shake out late buyers. Then, he sees a possible fifth wave rally in Q4, pushing sentiment to extreme highs before any longer-term correction.As of today, Pepe trades at $0.0000116, according to CoinGecko. The token gained 0.21% in the last 24 hours but is down 8.05% on the week. Trading volume sits at $776 million, a 3.60% drop from the previous day, signaling slower activity.In the past week, PEPE stayed between $0.00001115 and $0.00001308. Over the past day, it hovered near $0.00001091 to $0.00001159. Despite the recent decline in market activity, some traders remain confident the coin is coiling for its next move.PEPE price on CoinGeckoSentiment Shows Greed Despite Neutral SignalsCoinCodex data shows a Neutral technical outlook. However, the Fear and Greed Index reads 72, suggesting strong market greed. PEPE has seen 17 green days out of the last 30, with 12.26% volatility, making it one of the most closely watched memecoins this cycle.Analysts suggest that this mix of cooling volume, tightening price, and high sentiment could create the perfect setup for volatility. While PEPE’s future path remains uncertain, traders are already preparing for what could be one of the most defining months of the year. The post PEPE Price Coils for August Breakout as Traders Watch Key Market Fractal appeared first on Blockonomi.