PEPE Hits $0.000005 Amid Meme Coin Surge

Pepe Coin surpassed $0.000005 following a nearly 50% increase over the past week.
As PEPE extends its ongoing recovery, the meme coin’s trading volume has surged by roughly 425%.

Pepe Coin (PEPE) moved past $0.000005 as widespread buying pressure across the meme-coin sector drove the Ethereum-based token to become one of the top cryptocurrency gainers on September 22.

Based on the latest CoinMarketCap data, PEPE traded near $0.000005106, marking an increase of almost 27% over a 24-hour period. The meme coin hit an intraday peak of $0.000005332, marking a price point not observed since January.

Concurrently, its 24-hour trading volume expanded by over 425% to reach roughly $1.56 billion, while its market capitalization grew to approximately $2.1 billion. CoinMarketCap ranks PEPE Coin at No. 42 by market value.

This upward movement came on the heels of another robust session on September 21, when PEPE advanced 19.25% to close near $0.000004755. The token has climbed substantially from about $0.000003389 recorded on September 17, continuing a multi-session upward trend. Over the trailing week, the PEPE price increased by more than 48%.

What Is Driving PEPE Higher?

There has been no official project-specific announcement or upgrade linked to this recent price action. Instead, PEPE’s rally accompanied a broader market-wide increase in digital asset valuations. Bitcoin rose past $85,000, alongside gains for Ethereum, XRP, and Solana.

By September 22, Bitcoin was exchanging hands at approximately $85,975—reflecting a 24-hour gain exceeding 5%—while Ethereum increased by about 3% and Solana went up by more than 5%. XRP also registered gains of over 7%.

The broader market received additional upward momentum from a major wave of short liquidations. Coinglass figures indicated that roughly $919 million worth of cryptocurrency short positions were liquidated during this market movement.

The heightened market engagement is especially clear in PEPE’s trading volume metrics. Market data cited by Yahoo Finance showed that more than $1 billion worth of the token changed hands during a single 24-hour window amid the latest rally.

PEPE Forms Bullish Continuation Pattern on 4-Hour Chart

An analysis of PEPE’s 4-hour chart highlights a robust bullish breakout followed by a brief period of consolidation close to recent highs. The upward trend began after the token broke past the $0.0000040 threshold and accelerated through $0.0000043, generating a sequence of large green candles.

Following the push toward $0.0000052, the token experienced a pullback to roughly $0.00000475. Buyers then re-entered the market, driving PEPE toward a fresh local high near $0.0000053.

Looking more closely, the Pepe Coin price has sustained its position above short-term moving averages while staying near the upper boundary of its recent trading channel. The shorter moving average sits around $0.00000473, whereas the longer moving average rests near $0.00000429. PEPE remains above both metrics, with the shorter moving average positioned higher than the longer one.

Consequently, the $0.00000525–$0.00000535 band acts as the primary resistance level on the chart. Although PEPE has tested this zone, it has not yet secured a sustained breakout above it.

Should Pepe Coin fail to maintain its level or push higher, $0.00000500 serves as the initial support level to monitor, followed by the short-term moving average near $0.00000473. The $0.00000429–$0.00000437 range offers a deeper support zone derived from recent price action and moving-average configurations.

Even with these gains, PEPE trades far below its historic peak. CoinMarketCap data records its all-time high at $0.00002825, achieved in December 2024, placing the token more than 80% below that benchmark.

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