PEPE Price Holds Above Breakout Zone Despite Pullback

PEPE's price held above its early-September breakout zone near $0.0000044 despite pulling back from a seven-day high around $0.00000534, with the meme coin roughly 45% higher over the week as momentum indicators cooled.

The recent surge in PEPE's price coincided with a strong rebound in the cryptocurrency market. Despite its pullback, the token remains above the August resistance that was cleared during the rally.

Momentum indicators have weakened since PEPE's sharp advance, with the Relative Strength Index (RSI) near 51.37 and the Moving Average Convergence Divergence (MACD) showing a mildly bearish signal. However, price structure remains firmer because PEPE continues to trade above $0.0000044 and its previous August high.

Derivatives traders remain heavily involved in PEPE, with CoinGlass reporting open interest around $393 million and approximately $912 million in 24-hour futures volume in a recent snapshot. This suggests that more leveraged positions remain exposed to sudden moves as price momentum slows.