Pepe (PEPE), the third-largest memecoin by market capitalization, has finally turned positive following a breakout from a key resistance level. This move signals renewed bullish sentiment as the broader cryptocurrency market begins to recover.
PEPE Surges 11% Amid Market Rebound
On March 26, PEPE recorded an impressive 11% gain, trading around $0.0000087 at press time. This surge aligns with the overall market recovery and marks a significant break from its descending trendline, which had restrained its price action since early February 2025.
Technical analysis indicates that PEPE remains bullish if it holds above the $0.0000080 support level. Analysts predict that if this momentum continues, the memecoin could rally another 25% in the near term. The Relative Strength Index (RSI) stands at 59, signaling a strong uptrend with more room for upside potential.
Investor Confidence Grows Despite Lower Trading Volume
While PEPE’s price action has turned bullish, its 24-hour trading volume has dropped by 10%, suggesting reduced participation from traders compared to the previous day. However, blockchain analytics firm Santiment reports that long-term holders are showing renewed interest in PEPE. Data reveals an increase in holders with balances between 100,000–1,000,000 and 1,000,000–10,000,000 PEPE tokens, indicating rising confidence in the memecoin’s potential.
Social Sentiment and On-Chain Metrics Fuel Optimism
PEPE’s bullish sentiment is further supported by rising Social Dominance and Weighted Sentiment metrics. Since early March, the sentiment score has climbed from -0.77 to +0.387, reflecting growing optimism among traders and investors across social media platforms. This increased positive sentiment could further drive PEPE’s price higher.
With bullish indicators aligning in both technical and on-chain data, PEPE appears poised for further gains. If buyers maintain control and the broader crypto market sustains its upward momentum, PEPE could continue its breakout rally in the coming days.
Also Read: Pepe Coin (PEPE) Bulls Gain Momentum – Is a Breakout to $0.00000850 Next?
As investors monitor key support and resistance levels, the memecoin’s ability to hold above $0.0000080 will be crucial in determining whether the bullish momentum remains intact.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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