- PEPE surged past $0.00007, leading the memecoin rally with a 7% gain, outperforming DOGE and SHIB as market risk appetite increased.
- Resistance at $0.00000760 is a key hurdle, with a potential breakout targeting $0.00000800, while failure to hold could trigger a drop toward $0.00000579.
- Technical indicators show indecision, with RSI at 49.29 and VWAP at $0.00000707—bulls need stronger volume to sustain momentum, or bears could regain control.
PEPE price finally cracked $0.00007 this week, riding the wave of bullish macro signals. Early indicators suggest that traders are leaning into risk, fueling momentum in the memecoin market. But the big question—can this rally sustain itself, or are we looking at a short-lived spike?
PEPE Leads Memecoin Charge as Market Rebounds
PEPE is stealing the spotlight from DOGE and SHIB, outpacing both in gains as memecoins rebound alongside the broader crypto sector. Renewed risk appetite and fresh inflows have sent PEPE climbing, making it the front-runner in the memecoin space—at least for now.
PEPE Price Action: Breaking New Ground
As of Thursday, PEPE touched $0.000007, its highest level since March 3, when the market pumped following Trump’s crypto strategic reserve announcement.
According to CoinGecko, memecoins saw a 7.4% jump in total market cap, pushing the sector close to $50 billion. Within this surge, PEPE emerged as a leader, notching 7% gains on Wednesday, significantly outshining DOGE’s 2.2% and SHIB’s 2.4% daily increases.
Historically, when memecoins outperform the rest of the market, it hints at growing speculative interest, given their sensitivity to sentiment shifts and liquidity influxes.
PEPE Price Forecast: Bulls Target $0.00000800, But Resistance Looms
Despite its 38% run-up in just four days, PEPE now faces a critical resistance at $0.00000760—a level that could dictate the next move.
- Bollinger Bands (12H) show volatility expanding, with the price testing the midline at $0.00000707.
- Holding above this level? Bulls could mount an attack on $0.00000760, with $0.00000800 in sight if momentum holds.
- A failure to break resistance could bring selling pressure, dragging PEPE back toward $0.00000579.
Technical Indicators: Who’s in Control?
- RSI at 49.29 suggests the market is undecided—neither overbought nor oversold.
- A move past 55 would confirm strength.
- Dropping below 38.93 could invite a bearish reversal.
- VWAP at $0.00000707 implies fair value at current levels.
- A rejection here? Could signal overleveraged longs unwinding.
- Bulls failing to hold ground might see PEPE test $0.00000669.
For this rally to stick, PEPE must break and hold $0.00000760, backed by rising volume. Otherwise, excessive leverage could spark sharp liquidations, making for a choppy ride ahead. Bulls are still in the driver’s seat—but if key supports crumble, bears could quickly snatch back control.
