Pepe Coin surged 67% in one week and traded near $0.000006910 as renewed meme coin demand lifted prices across the market. The rally followed technical signals flagged weeks earlier that pointed to a breakout forming beneath key resistance. As price action accelerated, traders shifted from caution to active positioning while monitoring leverage and momentum data.
Data from Santiment referenced Butterfly Chart analysis that anticipated Pepe’s late December 2025 breakout. At that time, the token traded near the lower boundary of a descending channel while holding firm on higher timeframe support. Repeated defenses at that zone built pressure, which was later released through a sharp upside move.
The daily chart showed Pepe breaking from a falling wedge pattern after strong support held near $0.0000040. Price later cleared $0.0000060, which reversed the prior bearish structure and shifted near-term momentum higher. Traders now monitor continuation signals rather than chasing price swings.
With the breakout confirmed, charts now point to $0.0000095 as the next key target if buying pressure holds. Technical analysts also flagged $0.000010 as a level that would remove one zero from the token’s price. These levels align with resistance zones from earlier market cycles.
The Relative Strength Index moved into overbought territory during the rally. That reading increases the probability of short pullbacks while confirming fast momentum acceleration. Bulls continue to watch the $0.000015 zone as a possible mid- to long-term objective.
One key question now shapes trader behavior: can Pepe sustain momentum while leverage rises across meme coin markets? Funding rates on Pepe perpetual contracts stood at 0.0100 percent, which often reflects bullish positioning. Still, traders remain alert to fast reversals that often define meme-driven rallies.
Beyond charts, whale activity added fuel to the rally. A report linked to MEXC cited trader James Wynn holding a $3.11 million Pepe position at 10x leverage on HyperLiquid. The position showed unrealized gains above $545,000, which represented a 212 percent return on margin.
Wynn also held a $16.26 million long position in Bitcoin, which lifted his combined exposure to $19.4 million. His total floating profit exceeded $842,000 during the rally. Separately, OnchainLens flagged another trader who earned over $2 million on a 3x long after closing an Ethereum loss.
Market-wide derivatives data showed rising risk appetite. Coinglass reported $412 million in liquidations over 24 hours, with $331 million from shorts. The long-short ratio hovered near balance while the Fear and Greed Index rose to 44 from 26.
Total crypto market capitalization reached $3.29 trillion after a 1.27 percent daily increase.
The meme coin sector has added roughly $17 billion since late December 2025 and reached $52.77 billion in market value. Weekly gains also appeared across majors, with Dogecoin rising 20.9 percent and Shiba Inu advancing 29 percent.
Read More: Crypto Market Update: PEPE Rally Sparks Meme Coin Momentum in 2026
Pepe Coin recorded a sharp weekly gain after a confirmed technical breakout and rising whale activity. Key resistance levels flipped into support as derivatives data showed growing risk appetite. The move placed Pepe among the strongest meme coin performers, while traders now track momentum and leverage conditions closely.