Pepe coin (PEPE) price surged 68% last week as Bitcoin (BTC) price reached $104k, sparking a bullish revival of meme coins. Outperforming top meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB), the high momentum rally in PEPE recovers more than 50% of the Q1 downfall. As Pepe coin holds above the $0.000010 psychological zone, upbeat investors anticipate a potential 80% rally.
Pepe Coin Price Hits $0.000015 as Meme Coin Rally Begins
Raising all boats with Bitcoin reclaiming the $104k level, the meme coin market hits a 30-day high of $76.13 billion. Capitalizing on market momentum, PEPE price surged almost 68% in the last seven days, while DOGE and SHIB remained at 32% and 21%, respectively.
PEPE Price Analysis Spots Strong Support at $0.00001178
With a 7-day high at $0.00001539, Pepe coin is now trading at $0.00001334 with an intraday pullback of 2.11%. Coupled with the doji candle formed on Monday and increased volatility near $0.00001426, reflects indecisiveness in PEPE as it enters a breather phase.
Failing to surpass the 61.80% Fibonacci level at $0.00001426, Pepe hints at a potential retest of the 50% level at $0.00001178. Following a potential retest of the 50% level, Pepe’s prevailing triangle breakout rally could regain momentum. This put the triangle breakout price target of $0.00002209 back on bullish radars, an 80% upside from retest level.
As Pepe coin price holds above the 200-day Exponential Moving Average (EMA), the 50- and 100-day EMAs hint at a bullish crossover. This could trigger a buy signal and increase golden crossover chances. Additionally, the Relative Strength Index witnessed a minor drop within the overbought zone, suggesting a momentum drop. This aligns with PEPE price struggling near the $0.00001426 resistance, bolstering the retest chances.
In case of a steeper pullback under the 50% Fibonacci level, Pepe coin price prediction forecasts the 200-day EMA retest at $0.00001057. Meanwhile, the $0.0000090 support zone remains a stronghold for the meme coin.
A potential crash below $0.0000090 will negate the triangle breakout rally bounce back chances. Further, it might lead to a $0.0000074 retest.
Pepe’s Open Interest Hits All-Time High
Pepe coin price surge leads to increased trading activity on the derivatives front. According to Coinglass, the PEPE Open Interest (OI) reached an all-time high of $583 million as traders anticipate sharp moves in the meme coin.
The Pepe OI weighted funding rate has reached a record high in 2025 at 0.0272%, reflecting a rising bullish confidence in trading activity.
Rising Liquidations Warn of Retest
Despite the strong derivatives data, the 12-hour long liquidations spike to nearly $5 million as PEPE fluctuates and fails to cross the immediate resistance. Thus, a potential retest seems imminent amid rising liquidations that could damage the rising OI and funding rate.
As Pepe’s technical signals suggest a potential retest, a recovery fueled by Bitcoin’s rally will negate the short-term bearish signals. Until then, a retest of 50% Fibonacci seems inevitable, a potential buy-the-dip spot for confident investors.
Frequently Asked Questions (FAQs)
Pepe Coin surged 68% last week, fueled by Bitcoin’s rise to $104K, outperforming DOGE and SHIB due to stronger technical breakouts and bullish sentiment.
After a potential retest of the $0.00001178 support, PEPE may rally up to $0.00002209—an 80% upside from the current level.
A breakdown below $0.0000090 may invalidate the bullish triangle breakout, potentially leading to a deeper correction toward $0.0000074.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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