In the cryptocurrency market, the meme coin Pepe (PEPE) has captured notable attention by achieving a substantial 55% rise over the past seven days. This performance places Pepe ahead of established meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB), which have also experienced gains but to a lesser extent during the same timeframe.
As of the latest data, Pepe's market price stands at approximately $0.0565, with its market capitalization reaching around $2.7 billion. Comparatively, Dogecoin holds a market price near $0.1462 and a market cap of $24.6 billion, while Shiba Inu trades at about $0.0590, supported by a $5.3 billion market cap. Despite Dogecoin’s larger market stature, Pepe's percentage increase significantly exceeds that of its peers, which recorded weekly gains of 17.9% and 25.6%, respectively.
Market analysts and traders have offered commentary on Pepe's price action and trading patterns. The trader known as Altcoin Sherpa characterized Pepe's current performance as fluctuating within a trading range but punctuated by sharp upside maneuvers ranging between 15% to 20%. This behavior suggests volatility within the range, where active trading exposes participants to risks of rapid price reversals or "being chopped," as described. Accordingly, Altcoin Sherpa recommends a cautious approach, emphasizing accumulation during periods of consolidation and capitalizing on sudden rallies by selling into strength.
Another market participant, Dentoshi, highlighted Pepe's status as an early market mover and noted its ability to surpass key technical indicators earlier than many other cryptocurrencies. Specifically, Pepe has reclaimed its daily 100-day moving average and prior support levels, signaling regained momentum and investor confidence ahead of a broader market upswing.
Davie Satoshi also commented on Pepe's resilience, pointing to a clean bounce off upper resistance levels as evidence of continued strength. This technical recovery supports the possibility of further upward movement if current momentum persists.
Looking ahead, projections indicate a potential for Pepe to break out toward the $0.000010 price point, a milestone representing the removal of another zero from its quotation and implying significant price appreciation if achieved. However, these scenarios are contingent on sustaining current market dynamics.
Supporting this optimistic view, market data from Coinglass reveals a recent surge in long liquidation volumes, amounting to approximately $3.32 million in the previous 24 hours. This level marks the highest activity since October 10, 2025, demonstrating heightened market engagement and speculative positioning. Additionally, open interest—the measure of outstanding derivative contracts—has risen to levels not seen since that same date, further indicating increased trader participation and interest.
Despite Pepe's strong weekly performance, the coin experienced a mild retracement of roughly 5.5% within the past day. This pullback is interpreted as traders securing profits after Pepe reached the top of the weekly gainers list, a common phenomenon following rapid rallies.
In summary, Pepe's recent price advances have positioned it as a standout performer among meme cryptocurrencies, supported by technical indicators and trader activity. Nevertheless, market participants are advised to maintain awareness of the coin's volatility and exercise prudence during fluctuating periods.