Pepe coin (PEPE) price surged 68% last week as Bitcoin (BTC) price reached $104k, sparking a bullish revival of meme coins. Outperforming top meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB), the high momentum rally in PEPE recovers more than 50% of the Q1 downfall. As Pepe coin holds above the $0.000010 psychological zone, upbeat investors anticipate a potential 80% rally.
Pepe Coin Price Hits $0.000015 as Meme Coin Rally Begins
Raising all boats with Bitcoin reclaiming the $104k level, the meme coin market hits a 30-day high of $76.13 billion. Capitalizing on market momentum, PEPE price surged almost 68% in the last seven days, while DOGE and SHIB remained at 32% and 21%, respectively.
PEPE Price Analysis Spots Strong Support at $0.00001178
With a 7-day high at $0.00001539, Pepe coin is now trading at $0.00001334 with an intraday pullback of 2.11%. Coupled with the doji candle formed on Monday and increased volatility near $0.00001426, reflects indecisiveness in PEPE as it enters a breather phase.
Failing to surpass the 61.80% Fibonacci level at $0.00001426, Pepe hints at a potential retest of the 50% level at $0.00001178. Following a potential retest of the 50% level, Pepe’s prevailing triangle breakout rally could regain momentum. This put the triangle breakout price target of $0.00002209 back on bullish radars, an 80% upside from retest level.
As Pepe coin price holds above the 200-day Exponential Moving Average (EMA), the 50- and 100-day EMAs hint at a bullish crossover. This could trigger a buy signal and increase golden crossover chances. Additionally, the Relative Strength Index witnessed a minor drop within the overbought zone, suggesting a momentum drop. This aligns with PEPE price struggling near the $0.00001426 resistance, bolstering the retest chances.
In case of a steeper pullback under the 50% Fibonacci level, Pepe coin price prediction forecasts the 200-day EMA retest at $0.00001057. Meanwhile, the $0.0000090 support zone remains a stronghold for the meme coin.
A potential crash below $0.0000090 will negate the triangle breakout rally bounce back chances. Further, it might lead to a $0.0000074 retest.
Pepe’s Open Interest Hits All-Time High
Pepe coin price surge leads to increased trading activity on the derivatives front. According to Coinglass, the PEPE Open Interest (OI) reached an all-time high of $583 million as traders anticipate sharp moves in the meme coin.
The Pepe OI weighted funding rate has reached a record high in 2025 at 0.0272%, reflecting a rising bullish confidence in trading activity.
Rising Liquidations Warn of Retest
Despite the strong derivatives data, the 12-hour long liquidations spike to nearly $5 million as PEPE fluctuates and fails to cross the immediate resistance. Thus, a potential retest seems imminent amid rising liquidations that could damage the rising OI and funding rate.
As Pepe’s technical signals suggest a potential retest, a recovery fueled by Bitcoin’s rally will negate the short-term bearish signals. Until then, a retest of 50% Fibonacci seems inevitable, a potential buy-the-dip spot for confident investors.
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