Pepe price outperformed the crypto market this weekend, surging 18% in 24 hours to trade at $0.00001236. The meme coin’s market cap swelled to $5.2 billion, with daily trading volumes soaring 187% to $1.65 billion, making PEPE one of the top gainers across major exchanges.
Meanwhile, the surge comes as the broader crypto market leans risk-on: the Altcoin Season Index hit 71/100, with Bitcoin dominance sliding to 56.55%, signaling capital rotation into high-beta tokens like meme coins.
Overall liquidity also improved, with total market capitalization up 2.09% in 24 hours and derivatives open interest climbing to $926 billion.
PEPE Price Heading Toward $0.000026 After Triangle Setup
Market analysts are increasingly bullish on Pepe’s technical setup. Popular trader Ali highlighted that PEPE memecoin has been consolidating within a symmetrical triangle pattern, a structure often seen before major breakouts. The token is now approaching the apex of this formation, where price compression typically forces a decisive move.
Ali’s chart projects a potential surge toward $0.000026, implying roughly a 111% upside from current levels. He noted that previous triangle breakouts in PEPE’s history have often led to outsized rallies, particularly when supported by strong trading volume.
Technical indicators add weight to this view. On TradingView, the PEPE/USDT pair flashes a “strong buy” signal, with 17 buy signals vs. just one sell across major moving averages. The Relative Strength Index (RSI) sits at 68, suggesting strong momentum without yet tipping into overbought territory. Similarly, shorter-term moving averages (10, 20, 30, and 50-day) are all trending upward.
If bulls push through immediate resistance, PEPE could first retest $0.000015, a key psychological and technical barrier. A confirmed breakout from there opens the path to Ali’s $0.000026 target, which also aligns with Fibonacci extension levels. Conversely, failure to hold current momentum risks a retracement to around $0.000011, where recent support has proven resilient.
