Pepe Coin (PEPE) is showing serious strength, making waves in the memecoin sector like few others recently. Its price recently reached $0.000015, outperforming top memecoins like Dogecoin (DOGE) and Shiba Inu (SHIB), and confirming a strong bullish comeback among investors.
🚀 68% Weekly Growth and a Bullish Outlook
Last week, PEPE skyrocketed by 68%, while Bitcoin shot up to $104,000 — sparking a rally across memecoins. By comparison, DOGE gained 32% and SHIB just 21% — PEPE is clearly in a league of its own.
📊 PEPE is holding above the key $0.000010 psychological support, a level investors see as a bullish stronghold. If momentum continues, the price could shoot up another 80%, targeting $0.00002209.
📉 Short-Term Pause? A Retest of the 50% Fibonacci Level Likely
Although PEPE recently hit a weekly high of $0.00001539, it's now trading at $0.00001334, marking a slight daily drop of 2.11%. A “doji candle” signals market indecision and potential short-term correction.
🔹 PEPE failed to break through the 61.80% Fibonacci level at $0.00001426, hinting at a likely return to the 50% level at $0.00001178.
🔹 A successful retest here could reignite bullish momentum, aiming for the $0.00002209 breakout target — an 80% increase from the retest zone.
📈 Technical Indicators: Bullish Momentum Builds
PEPE is currently trading above the 200-day Exponential Moving Average (EMA), and both the 50-day and 100-day EMAs are lining up for a bullish crossover.
💡 The Relative Strength Index (RSI) is slightly dipping from overbought territory, suggesting short-term cooling without breaking the upward trend.
⚠️ Where’s the Risk?
📉 If PEPE falls below the 50% Fibonacci support, the next key level is the 200-day EMA at $0.00001057.
🔻 A deeper drop could test the critical $0.0000090 zone — and breaching that could open the door to $0.0000074, invalidating the bullish triangle setup.
💰 Derivatives Market on Fire: Open Interest Hits Record High
Trader interest in PEPE is red hot. According to Coinglass, open interest (OI) in PEPE futures has soared to a record $583 million.
📈 Weighted funding rate hit a 2025 high at 0.0272%, reflecting strong bullish conviction among traders.
🔻 However, high volatility has triggered nearly $5 million in liquidations over 12 hours — a cautionary signal for the overheated derivatives market.
🧠 Summary: Pullback = Opportunity?
PEPE is in a consolidation phase after a sharp rally. Technical indicators point toward a likely retest of the key $0.00001178 support.
💡 For confident investors, this could be a golden opportunity to buy the dip, with an 80% upside in sight if bulls regain control.
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