After weeks of choppy trading, Pepe price has come back into focus with a solid 6.45% price jump in the past day, bringing it to $0.057224. The rally outpaced the broader crypto market, which gained around 4.14%. Despite being down 32.8% this month, today’s move has injected fresh optimism among meme coin traders.
Three major drivers are behind this upswing. First, whale wallets have quietly accumulated more than 4.02 trillion PEPE since February. This large-scale buying has reduced the coin’s exchange supply, a trend that often precedes price rebounds. Second, renewed excitement around altcoin ETFs, especially after Ethereum ETF inflows hit $170 million this week. Finally, Pepe’s social activity has seen a remarkable jump, overtaking Shiba Inu and signaling a return of retail traders to the meme coin scene.
Looking at the 4-hour chart, Pepecoin price has formed a short-term recovery channel after a steep correction earlier this month. The price now trades near $0.00000722, testing resistance at $0.0000075. A clean break above this level could open the path toward $0.0000091, where the next supply zone sits.
On the downside, strong support has formed at $0.00000643, matching the lower Bollinger Band. This area has been tested multiple times, confirming it as a key defensive zone for the bulls. The RSI has climbed to 58.85, hinting at improving momentum but not yet signaling overbought conditions. This suggests there’s still room for a short-term push higher before traders begin locking in profits.
The 20-SMA on the Bollinger Bands also points to a potential shift in sentiment, as the price now hovers close to the midline. If Pepe holds above $0.0000068 in the coming sessions, a sustained recovery toward $0.0000090 looks possible.
Pepe’s price is rising due to whale accumulation, renewed interest in meme coins, and growing ETF-related speculation across altcoins.
Immediate resistance is at $0.0000075, with support near $0.0000064. A breakout above resistance could aim for $0.0000091.
Yes, like most meme coins, Pepe remains highly volatile. Traders should approach with caution and short-term expectations.
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