$PEPE
As of February 18, 2026, Pepe (PEPE) is currently testing the resilience of its community. While it remains one of the most actively traded meme coins, it is caught in a high-stakes tug-of-war between whale accumulation and a broader bearish trend in the meme sector.
PEPE Market Snapshot
Current Price: Approximately $0.0000044
24h Trading Volume: ~$345 million (reflecting high liquidity despite volatility).
Market Cap: ~$1.85 billion.
Monthly Performance: February has been a "cool-down" month after a strong January rally, with the price currently stabilizing after a recent 16% weekly recovery attempt.
Technical Analysis
PEPE is currently teetering on a critical technical edge. The "bullish frog" narrative is fighting against a descending channel that has dominated the daily charts.
Support Levels: The $0.0000036 – $0.0000040 zone is the primary demand area. Buyers have repeatedly stepped in here to defend the price. A drop below $0.0000031 could signal a total technical breakdown.
Resistance Levels: The immediate "ceiling" is the 50-day EMA at $0.0000046 – $0.0000048. To trigger a new "meme season," PEPE needs to close decisively above $0.0000052.
Indicators: The RSI (Relative Strength Index) is neutral at 52, suggesting the market is balanced. However, the MACD shows a faint bullish crossover, indicating that momentum might be slowly shifting back to the buyers.
Key Market Drivers
Whale "Buying the Dip": On-chain data from Santiment shows that large wallets (holding 10M–100M tokens) have accumulated over 11.8 billion PEPE since February 11. This suggests that "big money" views the current price as a discount.
Derivatives Bias: The long-to-short ratio stands at 1.13, meaning more traders are betting on a rally than a further drop. This "long-skewed" sentiment can lead to rapid price spikes if a short squeeze is triggered. #PEPE #bnb #BTC #ETH #sol