Pepe (PEPE) has been going up for five days in a row and has pushed through a key resistance as trading volumes exploded in the past 24 hours.
Nearly $630 million worth of PEPE have exchanged hands during this period, resulting in a 56% increase in trading volumes during this same period.
PEPE currently sits at $0.000007725 and its market cap has now distanced itself drastically from Official Trump (TRUMP), the President’s official meme coin, and now nearly doubles the value of the latter.
This significant pivot comes as PEPE has risen by 6% in the past month while TRUMP lost a quarter of its market value.
This move solidified PEPE’s stance as the third most valuable asset in this category and has helped other Pepe-themed meme coins like Solaxy (SOLX) improve their performance.
Certain macroeconomic factors could on the performance of cryptos down the road. The main catalyst that could drive the market this week pertains to President Trump’s agenda in terms of trade policy.
Analysts expect further clarity this week on how negotiations with key countries have progressed after the head of state halted the implementation of tariffs for three months.
Meanwhile, President Trump has also been quite hostile in his comments against the Chairman of the Federal Reserve, Jerome Powell. Trump has formally asked Powell to lower rates “NOW” to help the economy.
Lower rates would push the valuation of most financial assets, including meme coins, higher and would probably ignite a trend reversal for PEPE and most meme coins.
PEPE Needs to Break Above $0.00000930 to Confirm Bullish Outlook
The chart above shows the key resistance and support levels to watch as we move forward this week.
However, the most relevant technical development concerning PEPE was a break above the 21-day exponential moving average (EMA).
This bullish breakout typically indicates a shift in the market’s overall trend – which has been bearish to this point.
This is not the first time that such a breakout occurs as the chart shows so traders should still not get their hopes up unless the price clears the red area shown in the chart as this would increase the odds of an upcoming rally dramatically.
The Relative Strength Index (RSI) has been steadily rising above the signal line (14-day SMA), meaning that positive momentum has picked up its pace.
Moreover, trading volumes have been strong today despite the significant selling pressure that came after the American session started. If bulls manage to close the session in positive territory, this would provide further confirmation of a bullish outlook.
As PEPE recovers, every project and token linked to the meme will typically perform much better. This has been the case with Solaxy (SOLX), a layer-two scaling protocol for the Solana blockchain and the hottest crypto presale of 2025.
Solaxy (SOLX) Raises Over $30M to Launch Its Powerful L2
Solaxy (SOLX) has been designed to fix Solana’s congestion issues. Back in January when TRUMP and MELANIA were launched, the network struggled to keep up with higher transaction volumes.
The project, whose branding is inspired in the Pepe the Frog meme, fixes this issues by bundling transactions offline in a side chain before sending them to the mainnet. This increases Solana’s efficiency and helps its ecosystem thrive.
The developing team has shared exciting news this week as the Solaxy testnet has been officially launched.
This is the first stage of the project’s roadmap and it was the result of multiple partnerships with top-notch blockchain companies like Sovereign Labs and Hyperlane.
Once the protocol is officially launched, the demand for $SOLX will rise. Apart from its upside potential, this utility token offers attractive staking rewards of 130%.
To buy $SOLX, simply head to the Solaxy website and connect your wallet. You can either swap SOL, USDT, or ETH for this token or use a bank card to make your investment.
