Pepe (PEPE) price surged 68% last week as Bitcoin (BTC) price reached $104k, sparking a bullish revival of meme coins.

Outperforming top meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB), the high momentum rally in PEPE recovers more than 50% of the Q1 downfall.

Pepe coin (PEPE) price surged 68% last week as Bitcoin (BTC) price reached $104k, sparking a bullish revival of meme coins. Outperforming top meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB), the high momentum rally in PEPE recovers more than 50% of the Q1 downfall. As Pepe coin holds above the $0.000010 psychological zone, upbeat investors anticipate a potential 80% rally from here.

Pepe Coin Price Hits $0.000015 as Meme Coins Record 30-Day High

Raising all boats with Bitcoin reclaiming the $104k level, the meme coin market hits a 30-day high of $76.13 billion. Capitalizing on market momentum, PEPE price surged almost 68% in the last seven days, while DOGE and SHIB remained at 32% and 21%, respectively.

At the same time, traders booked outsized gains in the derivatives market as evidenced by the 12-hour windowed total liquidations that reached nearly $5 million.

With a 7-day high at $0.00001539, Pepe coin is now trading at $0.00001334 with an intraday pullback of 2.11%. This is coupled with the doji candle formed on Monday and increased volatility seen near the $0.00001426 mark, hinting at indecisiveness in PEPE as it enters a breather phase.

Failing to surpass the 61.80% Fibonacci level at $0.00001426 could invite a retest of the 50% level at $0.00001178. Following a potential retest of the 50% level, prevailing triangle breakout rally could regain momentum putting the triangle breakout price target of $0.00002209 back on bullish radars, an 80% upside from retest level.

As Pepe coin price trades above the 200-day Exponential Moving Average (EMA), the 50- and 100-day EMAs hint at a bullish crossover which could trigger a buy signal and increase golden crossover chances. Additionally, the Relative Strength Index witnessed a minor drop within the overbought zone, suggesting a momentum drop which aligns with PEPE price struggling to break through the $0.00001426 resistance, ultimately boosting the retest chances.

In case of a steeper pullback seen heading lower and breaking through the 50% Fibonacci level, then the next support is envisioned at the 200-day EMA retest at $0.00001057. Meanwhile, the $0.0000090 support zone remains a stronghold for the meme coin.

A potential crash out of the $0.0000090 zone will negate the triangle breakout rally bounce back chances and might invite a lower $0.0000074 retest.

Pepe’s Open Interest Hits All-Time High

The recent surge in Pepe coin price has also led to increased trading activity on the derivatives front. According to Coinglass, the PEPE Open Interest (OI) reached an all-time high of $583 million as traders anticipate sharp moves in the meme coin.

The Pepe OI weighted funding rate has also hit a record high in 2025 at 0.0272%, reflecting a strong bullish confidence in trading activity.

At the same time, the 12-hour long liquidations clocked in at nearly $5 million as the meme coin faced stiff resistance and saw a volatile trading session.

However, despite the strong derivatives data and technical signals suggesting a potential retest, a recovery fueled by Bitcoin’s rally could yet negate the short-term bearish signals. Until then, a retest of 50% Fibonacci seems inevitable, a potential buy-the-dip spot for confident investors.

Frequently Asked Questions (FAQs)

1. Why is Pepe Coin outperforming Dogecoin and Shiba Inu?

2. What is the price target for Pepe Coin after the current pullback?

3. What happens if PEPE drops below $0.0000090?