In this Pepe price prediction, we will focus on the latest price movements to assess PEPE's next steps. Here are the latest updates.
Pepe (PEPE) has risen 5.4% over the past week, outperforming other well-known peers in the meme coin space such as Dogecoin (DOGE) and Shiba Inu (SHIB).
Trader interest in PEPE has been surging recently, as the number of open futures contracts (i.e., open interest indicator) has soared to a historic high of $650 million.
A handful of meme coins, particularly those on the Solana blockchain, are experiencing a wave of positive momentum, and Pepe seems to have captured part of this hype.
Tokens like Fartcoin (FARTCOIN) and SPXX6900 (SPX) have been among the best performers in this category over the past month, with gains exceeding 40%.
PEPE's recent rise has solidified its position as the third most valuable meme coin, with a market capitalization of $5.2 billion, which is $3 billion higher than its closest competitor Official Trump (TRUMP).
After a strong rebound in PEPE's price from around $0.0000080 to $0.00001600, is this meme coin ready for the much-needed adjustment, or is it preparing to retest these local highs?
In this Pepe price prediction, we examine the latest price movements to attempt to answer this question.
Pepe Price Prediction: The likelihood of retesting $0.00001100 is high.
Pepe (PEPE) broke below its trendline support at the end of May when it decisively fell below the $0.00001300 level on strong trading volume.
At that time, the price first found support at $0.00001100 but then fell to around $0.000010. This became the most relevant support level for PEPE during this retracement.
Momentum indicators have shown signs of improvement, with the Relative Strength Index (RSI) recently climbing above the 14-day moving average, indicating that the latest upward trend is gaining strength.
PEPE seems to temporarily reject breaking through the 200-day Exponential Moving Average (EMA), which may prompt it to retest the $0.00001100 support level. If the price rebounds from this level again, it will favor a bullish outlook for Pepe's price.
In this scenario, PEPE's near-term target can be set at $0.00001500.
However, if the support at $0.00001100 fails, Pepe may face further retracement, with the first potential target in the range of $0.00000900 to $0.00000950. Currently, market sentiment remains positive, especially in the context of continued inflows into the meme sector, but any macro negative factors or shifts in popularity could quickly change the trend.
From a funding perspective, if open interest continues to rise while prices do not move higher in sync, it may signal excessive leverage buildup, at which point short-term liquidation risks will significantly increase.
Therefore, the key in the short term is whether PEPE can hold the support at $0.00001100 and successfully challenge $0.00001500 in the next upward move.
For aggressive traders, this will be an ideal range to watch price reactions; for longer-term participants, they should closely observe whether PEPE can solidify its current market capitalization ranking and maintain its dominance in memecoin popularity.
Conclusion
Pepe is at a critical point of technical adjustment and potential secondary explosion, and the price performance in the coming days will determine whether it has the momentum to challenge this year's highs. The inflection point is approaching, and patiently waiting for confirmation signals is crucial.
