The price of PEPE is currently at around $0.00000666 after technical indications suggested the formation of a short-term support level. Earlier in the week, the meme coin slumped to $0.000005844, but the trend improved as the market outlook became bullish.
Higher trading volumes and better conditions in the broader ecosystem are also contributing to the recovery of the dollar price of PEPE. Both fundamental and technical analysts are paying close attention to continued attempts to climb above key resistance levels.
PEPE trading volume rises as market sentiment improves
PEPE saw a 9% daily price jump, now sitting just above $0.00000666. According to CoinMarketCap data, this upward move comes as global digital asset market capitalization increased by 5.65%. This change followed news of a 90-day pause on new U.S. trade tariffs, which lifted market confidence.
Alongside price growth, trading volume for PEPE also rose by 4.93% to reach $918.3 million. Higher volumes often suggest stronger interest, and if this trend continues, it may support further upside.
PEPE is facing resistance between $0.00000673 and $0.00000709, which is defined by the 50 and 200 moving averages on the four-hour chart and the current Relative Strength Index (RSI) measures 40.91. The current value of the coin indicates it no longer remains in oversold positions and reveals signs of a better short-term trend potential.
Technical levels in focus as bulls return
The daily chart shows PEPE trading within a falling channel pattern that began after its ATH of $0.00002825 in December 2024.
After touching a low of $0.0000052, the price has recovered and is now nearing the upper resistance trendline. MACD and RSI confidence also observed positive breakout patterns and sentiments of stocks.
The MACD lines are almost poised to form a bullish cross, while the RSI is signaling a bullish divergence. However, large holders’ netflow remains negative, which has declined more than 300% in the weekly chart, that could impact the short-term price movement. If the $0.000010 resistance is breached, PEPE could possibly aim for $0.00001584. Key support remains near $0.0000050.
