PEPE is popular again after exploding approximately 50% in a matter of days, making it one of the notable beneficiaries of the latest cryptocurrency market rally.
The meme coin is currently trading at $0.000005023, following a recovery that has coincided with Bitcoin climbing above $85,000, its highest level since January. Other meme coins have also participated, with Dogwifhat reportedly gaining 17.7% and Dogecoin rising 13.8%.
There is no clearly established PEPE-specific catalyst behind the move. Instead, the simultaneous gains across major cryptocurrencies and meme coins point to a broader risk-on market environment, with traders showing renewed interest in more volatile assets.
However, crypto analyst Lana Valentis believes PEPE’s recovery could have considerably further to run. Her daily chart identifies a potential bullish reversal pattern, with an ambitious final target of $0.00001.
What you'll learn 👉
Why Is PEPE Price Pumping?
PEPE’s roughly 50% advance has coincided with a broader recovery across the cryptocurrency market.
Bitcoin’s move above $85,000 has provided a favorable backdrop for altcoins, while the gains in Dogwifhat and Dogecoin indicate that buying interest has extended into the meme coin sector.
This makes a market-wide rotation into riskier cryptocurrencies a plausible explanation for PEPE’s performance, although the available information does not establish exactly how much capital moved from Bitcoin into PEPE.
Importantly, there has been no confirmed project-specific announcement that clearly accounts for the entire rally.
$PEPE Head & Shoulders Is Set. Time To Break 💥
— Lana Valentis (@LanaValentis) September 21, 2026
Pepe is forming an inverse head & shoulders pattern on the daily chart, and the breakout conditions are aligning with real momentum.
There was $40 million in trading volume on Solana in a single day, and the number of holders is… pic.twitter.com/SfXs9xu8sn
The price increase has nevertheless brought PEPE above a technically important resistance area, which is where Valentis’s analysis becomes particularly interesting.
Analyst Spots a Bullish Pattern on the PEPE Price Chart
In a recent X post, Lana Valentis argued that PEPE is forming an inverse head-and-shoulders pattern on its daily chart.
This formation typically consists of three troughs: a left shoulder, a deeper central low known as the head, and a right shoulder that forms at a higher level. Traders watch for a breakout above the neckline as potential confirmation of a bullish reversal.
Her chart shows the first shoulder forming around February, followed by a prolonged decline into a deeper low near $0.00000225 in June.
PEPE subsequently recovered toward $0.00000455 before pulling back again. The latest decline found support around $0.00000320, forming what Valentis interprets as the right shoulder.
The chart identifies a green resistance band between approximately $0.00000415 and $0.00000455. With PEPE now trading at $0.000005023, its price has moved above that zone.
This is an encouraging development for the bullish interpretation, but a sustained daily close above the neckline, preferably accompanied by strong trading volume, would provide more convincing confirmation than a temporary move above resistance.
Valentis also cited $40 million in daily Solana trading volume and a holder count approaching 600,000. Those figures require verification against the specific token contract: the chart tracks Binance’s PEPE/USDT pair, and Solana-based token activity cannot automatically be attributed to the Ethereum-based PEPE asset.
Could PEPE Price Reach $0.00001?
Valentis has outlined five potential upside targets, with the final objective sitting at $0.00001.
Her chart identifies the following levels:
| PEPE Price level | Technical significance |
|---|---|
| $0.00000415–$0.00000455 | Former neckline resistance; potential support on a retest |
| $0.00000510 | Immediate upside target and resistance |
| $0.00000600 | Intermediate upside target |
| $0.00000730 | Higher resistance near a previous price peak |
| $0.00001000 | Analyst’s ultimate bullish target |
With PEPE currently trading at $0.000005023, the first target at $0.00000455 has already been surpassed. The token is now approaching $0.00000510, making that the next immediate test.
A convincing move beyond $0.00000510 could put $0.00000600 in focus, followed by $0.00000730.
The final target of $0.00001 would represent approximately 99% additional upside from the current price.
That is an ambitious scenario, particularly after a rally of roughly 50% in just a few days.
The downside deserves attention, too. If PEPE fails to hold above its former neckline, the breakout could prove short-lived. A return below $0.00000415 would weaken the immediate bullish case, while a subsequent break beneath $0.00000320 would undermine the proposed right-shoulder structure.
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