- PEPE volume climbs as resistance levels face test
- Bullish RSI and MACD hint at breakout move
- Large holder exits contrast rising short-term trend
PEPE is now trading near $0.00000666 after recent price moves pointed to a possible short-term bottom. The meme coin fell to $0.000005844 earlier in the week but rebounded as market sentiment turned more positive. Rising trading volumes and improved conditions across the broader crypto space are helping support PEPE’s price recovery. Market watchers are closely tracking whether the coin can now break past 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 currently testing a resistance zone around $0.00000673 to $0.00000709, defined by its 50 and 200 moving averages on the four-hour chart.The current Relative Strength Index (RSI) for PEPE stands at 40.91. This number shows the coin has moved away from recent oversold conditions, which could signal a healthier short-term trend.
Key Technical Levels in Focus as Bulls Return
The daily chart shows PEPE trading within a falling channel pattern that began after its all-time high 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.
Technical indicators such as MACD and RSI are pointing toward a potential breakout. The MACD lines are close to a positive crossover, and the RSI is showing a bullish divergence.
Still, large holders’ netflow remains negative, dropping over 300% in the last week, which may affect short-term moves.If PEPE breaks above the $0.000010 resistance, it could target $0.00001584. Key support remains near $0.0000050.
