Pepe Price Faces Crucial Test as Momentum Flattens

The Pepe cryptocurrency is facing a critical moment after its price surge in September. As of September 29, 2026, PEPE is trading at $0.0000044, up about 2.4% intraday.

Buyers are attempting to hold onto gains made during the recovery from the July lows of $0.0000023. However, momentum is neutral, and the RSI reading of 56.77 is above the 50-line neutral zone but not high enough to confirm a genuine breakout impulse.

The Bollinger Band %B reading of 0.64 suggests that PEPE is hovering in the upper half of its current range, which historically precedes either a compression and mean-reversion or a full push to the upper band.

Despite some positive on-chain signals, including net accumulation of $12.6 million over the past 30 days, there are concerns about the market's liquidity and sentiment momentum. The top 100 wallets control 76.88% of total supply, and a mere 671 whale wallets hold 90.06% of the market cap.