Pepe (PEPE) has entered 2026 with strong momentum, gaining 25% in the past 24 hours and nearly 29% over the last week. The rally pushed the price to $0.00000521, briefly breaking above the upper Bollinger Band. Despite this recovery, PEPE remains down almost 75% over the past year and 47% over the last quarter.
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Overbought Signals Appear
Short-term indicators suggest the move may be overextended. The Relative Strength Index (RSI) stands at 82 on the 7-day window and 68 on the 14-day, putting momentum in overbought territory.
At the same time, the Average True Range (ATR) is rising, indicating increased price volatility. The trend strength, measured by the Average Directional Index (ADX), has reached 30 – marking the start of a trend but not yet confirming its durability.
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Key Levels to Watch
The $0.000006595 level is a near-term resistance, aligning with the 50% Fibonacci retracement. If PEPE continues higher and breaks above this level, it would challenge the broader downtrend. On the downside, the 78.6% retracement at $0.000004419, close to the middle Bollinger Band, may act as support if the price pulls back.
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Strong Start
As of early January, PEPE shows signs of renewed strength, but technical indicators point to possible short-term exhaustion. The direction in the coming days may depend on whether the current momentum stabilizes or gives way to a pullback. However, the current move is not yet enough to suggest a long-term recovery to early 2025 levels.
