PEPE Sees Mild Pullback Amid Market Slowdown, Still Leads Among Memecoins

PEPE Holds Strong Despite Market Cooldown, Outpaces Broader Memecoin Index

PEPE posted a modest 2% decline over the past 24 hours, outperforming the broader memecoin sector despite a market-wide pullback driven by high-volume liquidations and declining sentiment. The CoinDesk Memecoin Index (CDMEME) dropped 2.4% over the same period, highlighting PEPE’s relative resilience.

The token’s price fell from $0.000014268 to $0.000013568 amid broader market weakness, with over 349 billion PEPE tokens sold during the decline, according to CoinDesk Research’s technical analysis data. At its session high, PEPE briefly spiked to $0.000014713 on a burst of volume totaling 11.7 trillion tokens. However, stiff resistance at that level triggered a swift reversal, leading to over $4 million in liquidations, per CoinGlass.

That failed breakout has now established a key resistance zone at $0.000014713, casting doubt on near-term upside potential. Still, support emerged around $0.000013618, where buyers re-entered the market following previous dips. PEPE has since recovered above that level.

Social sentiment remains elevated. TheTie reports that PEPE-related post volume rose over 23% versus its 24-hour average, suggesting growing trader interest. Meanwhile, on-chain data from Nansen indicates exchange wallets added 0.24% to their PEPE holdings over the last 24 hours, while the top 100 Ethereum-based PEPE wallets increased their balances by 0.11% — a sign of both redistribution and growing supply on exchanges.

Despite the short-term dip, PEPE remains one of the top performers in the memecoin category, up nearly 55% over the past month, compared to a 41.7% gain in the CDMEME Index. The frog-themed token continues to benefit from bullish technical indicators, including a golden cross pattern identified earlier this month.

Analyst Lark Davis has pointed to a potential upside target at $0.0000155 if bullish momentum resumes.

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