PEPE Price Surges 5%, Is a Breakout to $0.00001296 Coming Next?

Pepe price has surged over 5.55% in the past 24 hours, to emerge as one of today’s top crypto gainers and earn a spot on CoinMarketCap’s trending list. Backed by a massive 129% jump in 24-hour trading volume, this frog-themed meme coin has caught the attention of traders and whales alike. 

As market momentum builds, both technical and on-chain indicators offer clues about whether this rally has more room to run. Curious enough? Join me as I decode the Pepe price analysis for the short term.

What Do the On-Chain Metrics Have to Say? 

As per Santiment, the recent on-chain activity reveals a notable spike in daily active addresses, indicating fresh wallet participation. However, exchange outflows have declined, signaling that fewer investors are moving PEPE into cold storage, which again is a typical bullish indicator. This could suggest short-term holders are looking to capitalize on the current price uptick rather than accumulate.

Meanwhile, the supply held by whales has flattened, showing no strong accumulation trend despite the recent rally. This mixed picture implies that while retail interest is climbing, large investors remain cautious. It is worth noting that sustaining upward momentum will likely require renewed whale accumulation and a reversal in exchange flow trends.

PEPE Price Analysis

PEPE is currently changing hands at $0.00001001, while being up 5.55% on the day and +11.84% over the week. The meme coin broke past the key support level of $0.00000949, but is now testing resistance at $0.00001045. A rejection at this level triggered mild profit-taking, as seen in the latest red candle.

The RSI is hovering near 55, suggesting neutral momentum, not yet overbought. Bollinger Bands are widening, hinting at increased volatility. For PEPE to confirm a bullish breakout, it must sustain above $0.00001045 and close near the next major resistance at $0.00001296. Contrarily, $0.00000949 acts as a strong support level.

Also read our Pepe Price Prediction 2025, 2026-2030!

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