PEPE Surges 40% in Week, but Risk of Sharp Pullback Grows
PEPE has surged approximately 40% in seven days, becoming one of the strongest performers in the latest meme-coin rally. The token briefly reached $0.00000515 and pushed its market capitalization above $2 billion after Bitcoin's move above $85,000 triggered a broader rotation into higher-risk crypto assets.
The price jump marks a sharp reversal from earlier this year when meme-coin trading volumes collapsed by as much as 80%. PEPE has now broken through the major resistance level of $0.00000458 and is trading above its various moving averages, with the next resistance zone sitting around $0.00000515, $0.00000550.
The rally appears to be driven by renewed risk appetite across crypto, rather than any specific project-specific catalyst for PEPE. Institutional interest remains less convincing, with a proposed spot PEPE ETF filing by Canary Capital yet to attract significant demand.