#Pepe
Pepe (PEPE) rose 10.52% in the past 24h, outpacing Bitcoin (+3%) and Ethereum (+5%) as meme coins surged with renewed speculative interest. Key drivers:
Market-wide rally: Crypto added $110B in 24h, fueled by bullish macro data and ETF inflows.
Technical breakout: PEPE reclaimed key support, forming a bullish engulfing candle with 134% volume spike (CMC).
Meme coin rotation: PEPE led altcoin movers (+14%) as traders shifted to high-beta plays (Cryptopotato).
Deep Dive
1. Macro Tailwinds (Bullish Impact)
Overview: Crypto markets surged 4.55% after cooler U.S. CPI data and Trump’s pro-crypto remarks. Bitcoin’s rally to $95K (+3%) lifted altcoins, with PEPE benefiting from improved risk appetite.
What this means:
Meme coins thrive in high-liquidity environments. PEPE’s 24h volume jumped to $1.18B (+134%), signaling retail FOMO.
BTC ETF inflows hit $753M (highest since Oct 2025), creating spillover demand for speculative assets (Coindesk).
Watch: Bitcoin’s ability to hold $95K – a breakdown could pressure altcoins.
2. Technical Momentum (Mixed Impact)
Overview: PEPE broke above its 30-day SMA ($0.00000539) and Fibonacci 23.6% level ($0.00000636), with RSI(14) at 64.91 (neutral-bullish).
What this means:
MACD histogram turned positive, suggesting short-term bullish momentum.
Resistance at $0.00000720 (200-day SMA) remains critical – 4% above current price.
Watch: Sustained closes above $0.00000650 could target $0.00000720, but failure risks pullback to $0.00000580 support.
3. Meme Coin Speculation Cycle (Bullish Impact)
Overview: PEPE’s 30-day social dominance spiked 28%, with tweets like “PEPE will shine” trending. Whale accumulation intensified – 15 wallets hold 33% supply (OnchainPolice).
What this means:
Meme coins often lead rebounds in alt seasons. PEPE’s $2.73B market cap trails DOGE ($16B), leaving room for narrative-driven pumps.
High turnover (0.432 ratio) suggests traders are actively chasing momentum.