Can $PEPE Reach 1 Cent? Breaking Down the Memecoin's Ambitious Price Target

The Current Rally Fueling 1 Cent Speculation

$PEPE is experiencing remarkable momentum in the crypto market, with a 32.4% monthly advance demonstrating strong investor conviction. Over the past 24 hours, the frog-themed memecoin has captured significant trading activity, with $4.85 million in daily volume and a $2.45 billion market cap. This growing attention has sparked bold conversations across trading communities about whether the token can eventually reach the psychological 1 cent milestone.

Market indicators suggest building confidence among traders. Open Interest in $PEPE has expanded substantially, while the Weighted Funding Rate has maintained positive territory for consecutive days. This suggests that long position holders remain committed, with contract prices sustaining above spot prices—a classic sign of bullish conviction.

The Supply Problem: Why 1 Cent Looks Unrealistic

To understand the feasibility of $PEPE reaching 1 cent, we need to examine the fundamentals. The token currently trades at approximately $0.000014, with a circulating supply of 420.69 trillion tokens. This massive token count presents a significant mathematical hurdle.

For $PEPE to hit $0.01, the token would require a staggering 715,000% price increase, translating to a market capitalization of roughly $4.21 trillion. To put this in perspective, such a valuation would dwarf major technology companies like Apple or NVIDIA and match the entire GDP of many developed nations. Even Bitcoin, the world’s largest cryptocurrency by market cap, has never approached such valuations. The supply dynamics alone make this scenario extraordinarily improbable within any realistic timeframe.

Competitive Position Within Memecoins

Despite the supply constraints, $PEPE’s recent performance has positioned it competitively within the memecoin ecosystem. Search interest metrics show $PEPE tracking eight points higher than Dogecoin, which commands a market capitalization exceeding $32 billion. If the token can maintain its public attention advantage, some analysts speculate it might eventually challenge Dogecoin’s historical dominance in the memecoin hierarchy—though this represents a much more achievable goal than reaching 1 cent.

Technical Levels to Monitor

From a technical perspective, $PEPE/$USDT is currently trading near $0.00001375. A critical support zone exists between $0.00001120 and $0.00001200, which represents a recent breakout level that buyers have successfully maintained. Holding this range could establish a foundation for further upside movement.

Intermediate resistance barriers are identified between $0.00001550 and $0.00001750. A sustained break above these levels could potentially allow the token to retest its previous high around $0.00002200—an all-time high resistance region that must be overcome for any move toward new records.

The Relative Strength Index (RSI) currently reads 58.86, indicating a neutral zone without overbought or oversold extremes. A decisive move above $0.00001550 could catalyze momentum toward higher levels, while a drop below $0.00001200 would likely undermine the current bullish structure.

The Realistic Outlook

While reaching 1 cent appears mathematically improbable given current tokenomics, $PEPE’s strong recent performance suggests that moves toward higher price levels within the established technical zones remain viable in the near term. Traders interested in the token should focus on the resistance-support framework rather than the 1 cent narrative, which requires unprecedented market dynamics to materialize. The token’s memecoin status means it remains susceptible to sentiment-driven moves, offering both opportunity and risk for positions based on shorter-term technical setups rather than long-term valuation metrics.