$PEPE Coin Soars to Highest Price Since May on Retail Frenzy

The $PEPE coin has reached its highest price level since May, according to recent data. This significant move comes after a multi-week consolidation period on the daily chart.

$PEPE is an Ethereum-based memecoin launched in 2023 and has since become one of the most actively traded high-beta tokens by daily volume. It currently trades around $0.000004054, up sharply over the past day, with a 17.1% increase in 24 hours.

The price prediction for PEPE suggests that it could target $0.00000459, then $0.00000508 and $0.00000547 if momentum continues to carry straight through. However, a rejection at resistance could send the price back to retest the FVG near $0.00000366.

On-chain volume has picked up noticeably alongside the price move, with retail activity increasing as funds rotate back into highly sentimental, meme-driven tokens like PEPE.