PEPE led a renewed wave of interest in meme tokens this week, helping the CoinDesk Memecoin Index (CDMEME) climb more than 11% while bitcoin posted a modest 1.4% gain. Traders and observers point to rising volume and a pattern of higher lows as signs that short-term accumulation is underway.
Over the last 24 hours, PEPE rose over 4% and finished the week up nearly 10%. The token rallied from $0.00001013 to $0.00001074, briefly touching $0.00001081 and forming a short-term resistance near $0.00001082. CoinDesk Research’s technical model shows a clear support zone around $0.00001017, with each retest of the $0.00001069 level met by strong buying.
Liquidity spiked during the move: peak trading saw more than 5.89 trillion PEPE tokens change hands, more than double the 24-hour average. The price structure—marked by steadily higher lows—suggests engaged buyers are pushing stop levels upward, a technical pattern traders often read as accumulation rather than a short-lived pump.
Why this matters: memecoins have historically moved in quick bursts driven by social sentiment and liquidity flows. The recent outperformance of CDMEME versus BTC highlights a rotation of speculative capital into smaller tokens. That can amplify short-term gains but also raises the odds of sharp reversals.
Risk note: memecoins like PEPE are highly volatile and speculative. Rapid volume spikes and short-term technical breakouts do not guarantee sustained gains; traders should use risk controls and avoid allocating funds they cannot afford to lose.
In short, the PEPE price rally is part of a broader uptick in meme-token demand that has pushed CDMEME higher this week. Watch the established support around $0.00001017 and the resistance band near $0.00001082 for signals of whether buyers can sustain the move.
Source: CoinDesk. Read the original coverage for full details.