Pepe Price News: Meme Coin Market Rises Again! PEPE Surges 25% in a Single Day

GateNews
PEPE-0,17%
BTC0,62%

Popular Meme Coin Pepe (PEPE) has experienced a strong surge in a short period, with a price increase of about 25% within 24 hours, making it one of the standout assets in the crypto market early January. Previously, PEPE had been in a prolonged consolidation phase, with its price moving within a descending wedge for several months, as the market digested ongoing selling pressure. This recent rally officially confirms a short-term bullish breakout from the structure.

From a technical perspective, PEPE has completed a reversal on the daily chart, successfully breaking through the key supply zone at 0.0000044–0.0000049 USD. This breakout provides a clear buy signal for short-term and swing traders. Previously, spot CVD remained positive, indicating that buying interest had already entered ahead of the rally, suggesting that this surge is not purely driven by sentiment but supported by some capital foundation. Meanwhile, the Meme coin sector as a whole has strengthened, with the sector market cap rising about 8.9% within 24 hours, also contributing to positive sentiment and capital resonance for PEPE.

However, from a longer-term perspective, risks still exist. The weekly chart remains relatively weak, with prices still trading below the 20-week and 50-week moving averages. The OBV momentum has not yet broken previous highs, and the sustainability of capital inflows needs further confirmation. This indicates that PEPE is currently more aligned with a short-term rebound rather than a confirmed new long-term bull market.

Regarding potential targets, if the rebound continues, PEPE could test resistance levels around 0.00000747 USD and 0.00000950 USD, representing potential gains of approximately 25% and 58%, respectively. If Bitcoin maintains strength or moves higher, it will significantly boost overall risk appetite for meme coins, increasing the likelihood of PEPE’s continued rise.

For trading strategies, chasing the high is not the only option. Meme coin markets often feature “quick gains and shallow corrections.” To optimize risk-reward, traders can monitor potential pullback zones near 0.0000054 USD or 0.0000046 USD, waiting for more stable entry points. Additionally, caution is advised as rapid short-term gains may be followed by profit-taking.

Overall, PEPE is currently in a strong rebound phase with a short-term bullish trend, but medium-term sustainability depends on ongoing capital inflows. Aggressive traders may benefit from trend-following entries, while more conservative investors should wait for a confirmed pullback before making decisions. In the Meme coin market, position sizing and risk management are always more important than simply chasing gains.

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