PEPE Holds Above Early-September Breakout Zone Despite Cooling Momentum

PEPE's price has held above its early-September breakout zone of $0.0000044 despite pulling back from a seven-day high around $0.00000534.

The meme coin is approximately 45% higher over the week, with momentum indicators cooling according to TradingView data.

RSI and MACD show that PEPE's momentum has weakened since its sharp advance, but it remains close to the upper end of its recent range instead of retracing the full breakout.

Derivatives traders remain heavily involved despite spot momentum cooling, with CoinGlass reporting $393 million in open interest and approximately $912 million in 24-hour futures volume on September 23.