PEPE Price Analysis: Momentum Cools After Strong Monthly Rally

Pepe (PEPE), the popular memecoin, has enjoyed an impressive run over the past month, posting a +45.63% gain

Pepe (PEPE) has enjoyed an impressive run over the past month, adding 45.63% to its price according to CoinMarketCap data. The token rose from the $0.00000090 region in late April to recent highs around $0.000016, before easing back toward the $0.000013 level.

The CoinMarketCap snapshot highlights a healthy 30-day uptrend with sharp accumulation beginning around May 5th, followed by multiple higher highs that culminated in a short-term peak.

This rally brought PEPE’s market cap to $5.42 billion, placing it among the top memecoins by valuation. However, the most recent price action shows signs of consolidation and fatigue.

Chart Breakdown: Trend Still Intact, But Watch Key Levels

On the 30-minute TradingView chart, PEPE/USD shows two distinct phases: the strong bullish climb from May 6 to May 11, and a period of sideways consolidation followed by a slight downturn in recent days.

The price attempted a second breakout around May 22, briefly touching the $0.000016 mark before being rejected and retracing toward the $0.000013 support zone. This level is now critical—if it fails to hold, PEPE could revisit the psychological $0.000012 mark.

Volume on the TradingView chart has also tapered off slightly, suggesting that speculative momentum may be cooling. However, with 438,000+ holders and $1.27B in 24-hour trading volume, interest in the token remains high.

Despite the recent pullback, PEPE still holds strong fundamentals from a memecoin perspective: high liquidity, a loyal community, and a good presence on exchanges. The relatively modest decline after a large rally could indicate healthy consolidation rather than a large selloff.

Conclusion: Bulls Need to Defend $0.000013

PEPE has been one of the best-performing memecoins in recent times, but it now faces a crucial moment of truth. Staying above the $0.000013 support would keep the bullish structure intact and set the stage for a potential retest of $0.000016.

If sellers become more active, then traders should be prepared for a steeper setback, potentially targeting $0.000012 or lower. For now, the memecoin hype cycle continues, but technical indicators suggest a more cautious approach may be warranted in the coming days.