Despite Market Chill, PEPE Holds Stronger Than Most in the Memecoin Space

PEPE Holds Strong Despite Pullback, Outpaces Broader Memecoin Market

PEPE posted a modest 2% decline in the last 24 hours amid a broader 5% sell-off in the memecoin space, yet continues to outperform its peers with a 55% gain over the past month.

The token slipped from $0.000014268 to $0.000013568 during the session, driven by a wave of high-volume selling that saw 349 billion PEPE tokens change hands, according to CoinDesk Research. A brief breakout attempt pushed PEPE to an intraday high of $0.000014713, backed by a surge of 11.7 trillion tokens traded, but the move was short-lived as resistance triggered a swift reversal.

The failed rally led to over $4 million in liquidations, according to CoinGlass, confirming the $0.000014713 level as a firm technical ceiling. Despite this, PEPE found support at $0.000013618 and has since recovered modestly above that mark.

Social sentiment remains strong. Data from TheTie shows a 23% increase in relative post volume for PEPE, indicating sustained community interest. On-chain data from Nansen reveals that exchange wallets grew their PEPE balances by 0.24% over the past 24 hours, while the top 100 Ethereum-based PEPE holders added 0.11% to their positions—suggesting both rising supply and quiet accumulation.

The token’s month-long uptrend remains intact, bolstered earlier this month by the formation of a golden cross—often viewed as a bullish technical indicator. Analyst Lark Davis recently highlighted a potential breakout target of $0.0000155 should momentum resume.

Technical Snapshot

• Resistance: $0.000014713 – rejected after high-volume rally attempt
• Support: $0.000013618 – active buy zone during recent pullback
• Volume: 11.72T tokens traded during breakout; 349B offloaded during session decline
• Market Interest: Social chatter up 23% above 24-hour average
• On-Chain Trends: Exchange wallets +0.24%; top 100 wallets +0.11%
• Performance: +55% over the past 30 days vs. +41.7% for the CDMEME Index