The cryptocurrency market continues to surprise investors, and this time, PEPE—the popular memecoin—has caught everyone’s attention with an impressive 12% price surge in the last 24 hours. Let’s dive into the key reasons behind this bullish breakout and what traders should know about the current trends.
Breaking Down PEPE’s Price Surge
After a strong start to 2026, PEPE made headlines again by pushing above its recent price range. This clean breakout resulted in a 12% jump before consolidating slightly. Based on data from TradingView, the memecoin remains above its prior support zone, indicating that buyers are holding their ground. The relative strength index (RSI) sits in the mid-60s, signaling momentum with mild overheating.
Altcoins Outperform Bitcoin
The cryptocurrency market has witnessed a shift recently, with altcoins outperforming Bitcoin (BTC). Over the past two months, PEPE has benefited from this momentum, cementing its position among top-performing altcoins. Data from Alphractal shows that traders are rotating away from Bitcoin, seeking higher returns in rising altcoins like PEPE, especially after multiple breakouts.
Whale Activity Drives PEPE’s Growth
Another critical factor behind PEPE’s rise is the increasing activity of “whales,” or large cryptocurrency holders. According to data from Santiment, transactions above $100,000—and even $1 million—have surged alongside PEPE’s gains. These large holders are contributing greatly to both breakouts and pullbacks, showcasing their sustained interest in the memecoin.
What’s Next for PEPE?
As PEPE stabilizes post-surge, it remains in a constructive short-term uptrend. Whale transactions and increased trading volume suggest that this isn’t just a fleeting rally. The continued presence of large investors could help cushion any future dips and sustain growth if the pace holds.
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Final Thoughts
PEPE’s latest performance highlights how dynamic the crypto market is. With the altcoin firmly in a bullish structure, it remains a token to watch closely. Whether you’re a seasoned trader or a new crypto enthusiast, staying informed and cautious is the key to navigating this volatile market.
