PEPE Price Analysis: Momentum Cools After Strong Monthly Rally
Pepe (PEPE), the popular memecoin, has enjoyed an impressive run over the past month, posting a +45.63% gain according to CoinMarketCap data. The token rose from the $0.00000090 region in late April to recent highs around $0.000016, before easing back toward the $0.000013 level.
The CoinMarketCap snapshot reveals a healthy 30-day uptrend with sharp accumulation beginning around May 5th, followed by multiple higher highs that culminated in a short-term peak near mid-May. This rally brought PEPE’s market cap to $5.42 billion, placing it among the top memecoins by valuation. However, the most recent price action shows signs of consolidation and fatigue.
Chart Breakdown: Trend Still Intact, But Watch Key Levels
On the 30-minute TradingView chart, PEPE/USD shows two distinct phases: the strong bullish climb from May 6 to May 11, and a period of sideways consolidation followed by a slight downturn in recent days.
The price attempted a second breakout around May 22, briefly touching the $0.000016 mark before being rejected and retracing toward the $0.000013 support zone. This level is now critical—if it fails to hold, PEPE could revisit the psychological $0.000012 mark.
Volume on the TradingView chart has also tapered off slightly, suggesting that speculative momentum may be cooling. However, with 438,000+ holders and $1.27B in 24-hour trading volume, interest in the token remains elevated.
Despite the recent pullback, PEPE still holds strong fundamentals from a memecoin perspective: high liquidity, a loyal community, and strong exchange presence. The relatively modest decline after a large rally could indicate healthy consolidation rather than distribution.
Conclusion: Bulls Need to Defend $0.000013
PEPE remains one of the best-performing memecoins in recent weeks, but it now faces a crucial moment. Holding above the $0.000013 support level would keep the bullish structure intact and set the stage for a potential retest of $0.000016.
If selling pressure increases, however, traders should prepare for potential dips toward $0.000012 or lower. For now, the memecoin hype cycle continues, but technical indicators suggest a more cautious approach may be warranted in the coming days.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
