Meme Coin Shows Strength as Price Holds Above Key Support
Pepe (PEPE) has outperformed the broader cryptocurrency market over the past week, recording a 10% rally while many major tokens, including Bitcoin, struggled to hold ground. At the time of writing, PEPE trades at $0.00001038, consolidating above a critical support zone near $0.00000900–$0.00000920.
The chart highlights PEPE’s steady recovery from its late-August lows, where price rebounded sharply off the green demand zone. Since then, the meme coin has broken out of a consolidation phase, marking its first strong upward move in weeks.
Key resistance now lies between $0.00001200 and $0.00001400, areas where sellers previously capped rallies. A decisive move through these supply zones could open the door toward the May highs above $0.00001700.
Market observers note that PEPE’s outperformance reflects both speculative appetite and strong community-driven momentum. According to BITX crypto analysts, “PEPE has managed to post double-digit weekly gains while Bitcoin struggles below $110,000. This shows relative strength, which traders often look for during uncertain market phases.”
According to BITX , “If PEPE maintains support above $0.00000900, bulls could aim for a retest of $0.00001400. Failure to hold that base, however, could drag the token back into its prior consolidation range.”
Meme Coins in Focus Amid Market Slowdown
The surge in PEPE comes as the broader market faces headwinds from macroeconomic uncertainty and subdued liquidity. Meme coins, however, continue to attract retail traders seeking higher volatility and faster gains.
Despite its speculative nature, PEPE’s ability to sustain higher lows while defending key support underscores the resilience of its current uptrend.
PEPE has delivered one of the strongest performances in the market this week, rallying 10% and outpacing Bitcoin and other large-cap cryptocurrencies. With critical support intact and momentum building, traders will be watching closely to see if the meme coin can clear overhead resistance and extend its rally further.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.