Pepe is back at the top of the meme coin pack, up 11.38% in the last day to $0.00000298. That is way better than Bitcoin’s 1.01% move. The run is happening because money is flowing into altcoins, the CoinMarketCap Altcoin Season Index hit 58, which means traders are getting more comfortable taking on riskier bets.
Trading activity has also exploded, with volume jumping 194% to more than $318 million as retail traders return to meme coins. The broader meme sector has also started the weekend on a strong note, helping the PEPE price extend its monthly recovery.
The big question now is whether the PEPE price has enough momentum to break another major resistance level or if buyers are about to run into profit-taking.
What you'll learn 👉
PEPE News Drivers Fueling the Rally
The biggest catalyst behind the PEPE price is the improving altcoin market. The CoinMarketCap Altcoin Season Index climbed 5.45% over the past day to 58, a reading that points to capital moving away from Bitcoin and into higher-beta cryptocurrencies.
PEPE has been one of the biggest beneficiaries because meme coins usually outperform when traders become more comfortable taking on additional risk. As long as the index remains above 50, the rotation into altcoins could continue.
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Trading activity has also exploded. Daily volume climbed 194% to more than $318 million, far above the previous weekly average. That kind of participation gives the move stronger backing than a low-volume rally. Social sentiment has also improved, with traders discussing breakout setups after PEPE reclaimed short-term support.
The wider meme coin market is also helping. PEPE gained close to 10% over the weekend as Shiba Inu and other meme tokens moved higher alongside a stable Bitcoin price above $64,000.
CoinMarketCap also included PEPE among the top meme coins to watch before August, pointing to its large market value, healthy liquidity and continued whale accumulation, all of which support demand if the broader market remains positive.
Here’s where the PEPE price could go next.
Crypto Tony Expects the PEPE Price to Test Major Resistance
Top analyst, Crypto Tony, thinks PEPE could hit $0.000003030 in the next few days. He says there is untapped liquidity above that level, so if buyers stay in charge, it is a tempting target.
That matches what we are seeing. PEPE has already climbed back to $0.00000290 after bouncing off its weekly lows. If it cleanly breaks above $0.000003030, the next wave of buyers takes over, and that could kick off another round of buying.
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Ethereum Could Decide the Next Move for the PEPE Price
Flying Dutchman thinks Ethereum is the key for PEPE right now. He bought ETH near $1,850 and is still bullish, expecting it to hit about $2,010.
PEPE has always moved with Ethereum during meme coin runs, when ETH does well, traders tend to jump into riskier stuff like PEPE. If Ethereum hits that target, PEPE could easily put up bigger percentage gains just because it is smaller and moves faster
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Our PEPE Price Prediction
We had a look at the weekly and monthly PEPE chart and found the token rebounding from both monthly and weekly lows. PEPE is getting close to a big weekly high at $0.000003133. That is the first hurdle buyers have to clear.
Source: Tradingview.com
If they close the week above that level, the next stop could be $0.000003826, that is where the next weekly gap is at. And if buying stays strong after that, the monthly gap around $0.000004556 becomes the next target.
The bad case? If $0.000003133 turns Pepe away again. Failure there could send the PEPE price lower to fill the three-month imbalance near $0.000001567, making that the key downside level to watch if momentum fades.
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