Pepe Coin (PEPE) Rallies 68% as Bitcoin Reclaims $104K Level

Pepe Coin (PEPE) has experienced an impressive rally in recent days, surging 68% over the past week as Bitcoin reclaimed the $104000 level.

Pepe Coin (PEPE) has experienced a remarkable rally in recent days, surging 68% over the past week as Bitcoin (BTC) reclaimed the $104,000 level.

This rally has seen PEPE outpace other popular meme coins. While Dogecoin (DOGE) and Shiba Inu (SHIB) posted gains of 32% and 21% respectively, PEPE managed to recover more than 50% of its first-quarter losses.

The broader meme coin market also reached a 30-day high of $76.13 billion in total value.

PEPE’s current price stands at approximately $0.00001334, following a slight intraday pullback of 2.11% from its seven-day high of $0.00001539.

Chart analysis shows a doji candle formed on Monday, suggesting some indecision in the market as the coin enters what appears to be a breather phase.

At press time, PEPE encountered immediate resistance at the 61.80% Fibonacci level at $0.00001426. A failure to break above this level could lead to a retest of the 50% level at $0.00001178.

However, technical indicators paint a mixed picture for PEPE’s short-term outlook.

According to blockchain transaction tracker Lookonchain, a crypto whale went long on TRUMP but quickly closed that position and opened a new 10x leveraged long position on PEPE. This trader reportedly holds an unrealized profit of $81,000.

One of the most telling signals of growing interest in PEPE comes from whale activity data. According to IntoTheBlock, transactions between $1 million and $10 million have increased by an eye-catching 750%. Transactions ranging from $100,000 to $1 million have also seen a substantial increase of 177.94%.

This surge in large transactions suggests that big players in the crypto market are taking positions in PEPE, possibly betting on continued upward momentum.

The increased whale interest coincides with retail investor participation, pushing trading volume up by 40%.

PEPE’s price is currently testing the key resistance level of $0.000