Pepe (PEPE) has gone up by 26.5% in the past month as meme coins have made a strong comeback amid the rising popularity of Solana-based tokens.
The price currently sits at $0.000008265 and has increased by 5.3% in the past 24 hours. Meanwhile, trading volumes have surged by 22% today and currently account for 15% of PEPE’s circulating market cap.
Similarly, large meme coins, including Dogecoin (DOGE) and Shiba Inu (SHIB), have recovered as well and have delivered monthly gains of 15.3% and 11.3% in the past month.
Crypto presales linked to the Pepe the Frog memes like Solaxy (SOLX) and MIND of Pepe (MIND) have attracted significant interest from investors this year and have also benefited from the recovery.
Since April started, open interest for PEPE futures contracts has increased significantly. Data from CoinGlass shows that contract volumes have doubled from April 7 when they stood at $200 million to today’s figure of $400 million.
Traders have moved back to the market now that macroeconomic uncertainty has eased a bit and market sentiment has improved.
President Trump’s decision to negotiate with countries before imposing high tariffs unilaterally helped ease investors’ concerns. The Fear and Greed Index has improved from a record low of 15 to 53 at the time of writing, indicating that investors’ attitude has shifted from Extreme Fear to Neutral.
Price Action Rejects Move Above $0.000009000 for a Third Time
Looking at PEPE’s chart, we can see that the token broke above its 21-day EMA in late April and rallied to what has been a key area of resistance for months at $0.00000900.
Once the price got to those levels, the selling pressure increased. Today’s uptick is still insufficient to push PEPE out of the danger zone as this could be interpreted as a retest of this key area.
If the price once again rejects a move above $0.000009000, this could result in a significant decline for the token in the near term.
If PEPE keeps heading lower, the key area of support from which the price could bounce without triggering a trend reversal would be the $0.00000700 level.
This recent cool down is not necessarily bad as momentum indicators were already heavily stretched as PEPE got to the $0.000009000 resistance. The Relative Strength Index (RSI) has now stepped off oversold levels while the MACD’s histogram has sent the first signal that negative momentum could be decelerating.
A decisive break above this key resistance will likely propel PEPE to retest its 200-day EMA first at around $0.000010700, meaning a 19% upside potential.
As the market’s outlook continues to improve and meme coins keep rallying, the best crypto presales in this category like MIND of Pepe (MIND) offer the highest upside potential for early buyers.
MIND of Pepe (MIND) Raises Nearly $9M to Launch X’s Most Captivated AI Agent
MIND of Pepe (MIND) is a Pepe-inspired AI agent designed to engage in interesting conversations about meme coins and the crypto space across social media platforms like X.
The agent will collect information about social trends and emerging opportunities in the meme coin space that it will pass on to $MIND holders.
Meanwhile, as it gains influence and grows its number of followers, it will be capable of launching and promoting its own meme coins to capitalize on these nascent trends.
$MIND holders will be invited to invest in the private sales of these tokens so they can reap the highest returns once they are launched to the general public.
In addition, the presale event has built a staking rewards pool with the funds the project has raised. Staking rewards for $MIND holders currently stand at 257%.
To buy $MIND, simply head to the MIND of Pepe (MIND) website and connect your wallet. You can either swap USDT or ETH for this token or use a bank card to make your investment.
