Pepe Coin (PEPE) Price: Green Frog Leaps Past DOGE and SHIB with 68% Weekly Gains

TLDR

Pepe Coin has surged 68% in the past week, outperforming major meme coins like Dogecoin and Shiba Inu PEPE is trading near $0.000015 with technical analysis suggesting potential for 80% upside after a retest Whale activity has increased dramatically with 750% surge in large transactions ($1M-$10M range) Open Interest reached an all-time high of $583 million, indicating growing trader confidence RSI is in overbought territory at 85.40, which could signal a short-term correction

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Pepe Coin (PEPE) has experienced an impressive rally in recent days, surging 68% over the past week as Bitcoin reclaimed the $104,000 level.

The meme coin is now trading around $0.000015, significantly outperforming other popular meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB), which posted gains of 32% and 21% respectively.

The recent price action has helped PEPE recover more than 50% of its losses from the first quarter of 2025. This strong performance comes as the broader meme coin market reached a 30-day high of $76.13 billion in total value.

PEPE’s current price stands at approximately $0.00001334, following a slight intraday pullback of 2.11% from its 7-day high of $0.00001539. Chart analysis shows a doji candle formed on Monday, suggesting some indecision in the market as the coin enters what appears to be a breather phase.

Technical indicators paint a mixed picture for PEPE’s short-term outlook. The coin has failed to break above the 61.80% Fibonacci level at $0.00001426, hinting at a potential retest of the 50% level at $0.00001178.

PEPE Price

Whale Activity Surges

One of the most telling signals of growing interest in PEPE comes from whale activity data. According to IntoTheBlock, transactions between $1 million and $10 million have increased by an eye-catching 750%. Transactions ranging from $100,000 to $1 million have also seen a substantial increase of 177.94%.

This surge in large transactions suggests that big players in the crypto market are taking positions in PEPE, possibly betting on continued upward momentum. The increased whale interest coincides with retail investor participation, pushing trading volume up by 40%.

Blockchain transaction tracker Lookonchain reported that a crypto whale initially went long on TRUMP before quickly closing that position and opening a new 10x leveraged long position on PEPE. This trader reportedly holds an unrealized profit of $81,000 from this move.

PEPE’s price is currently testing the key resistance level of $0.000015, a point at which it previously encountered selling pressure. However, market sentiment appears stronger this time, backed by the surge in whale interest.

Technical analysis suggests that if PEPE breaks past this resistance and closes a daily candle above $0.0000155, it could gain another 38%, potentially reaching the next resistance at $0.00002140.

The prevailing triangle breakout rally could regain momentum after a retest, putting the triangle breakout price target of $0.00002209 back on bullish traders’ radars. This would represent an 80% upside from the retest level.

PEPE’s price remains above the 200-day Exponential Moving Average (EMA), with the 50-day and 100-day EMAs hinting at a bullish crossover. This could trigger a buy signal and increase golden crossover chances.

On the derivatives front, PEPE’s Open Interest has reached an all-time high of $583 million, indicating rising trader confidence. The weighted funding rate has also reached a record high in 2025 at 0.0272%, reflecting increasing bullish sentiment in trading activity.

Despite these positive signals, some caution is warranted. PEPE’s Relative Strength Index (RSI) is at 85.40, placing it firmly in overbought territory. This suggests a possible price correction in the coming days.

12-hour long liquidations have spiked to nearly $5 million as PEPE fluctuates and fails to cross immediate resistance. This could damage the rising Open Interest and funding rate, making a retest seem more likely in the short term.

If PEPE experiences a steeper pullback below the 50% Fibonacci level, it could retest the 200-day EMA at $0.00001057. The $0.0000090 support zone remains an important level for the meme coin.

A drop below $0.0000090 would negate the triangle breakout rally bounce back chances and might lead to a retest of $0.0000074.

With Bitcoin’s rally potentially providing additional momentum, PEPE’s current price action represents a key moment for the meme coin. Technical signals suggest a retest may be imminent, but this could present a buying opportunity for investors confident in PEPE’s longer-term prospects.

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