Pepe (PEPE) jumped 24.75% during the daily session on September 21, 2026, hitting an intraday high of $0.00000515. CoinGecko data shows the meme coin accumulated a nearly 40% gain over the past week. The consecutive price surges propelled its market capitalization above the $2 billion mark. During the same 24-hour cycle, trading volume neared $900 million.
The current price action places PEPE trading above its 20, 50, 100, and 200-day moving averages. This chart movement confirms a sharp reversal from the downtrend structure that weighed on the token throughout the first half of 2026. The token had previously experienced a sustained decline from $0.000007 in late 2025 to its floor at $0.00000220 in June, before finding support and establishing a new base.
Institutional ETF Capital Boost
This rally aligns with a broader resurgence in crypto buying. Bitcoin led the macro trend, breaking above the $85,000 mark for the first time in eight months.
Traditional market inflows also contributed. A JPMorgan report showed that BlackRock and Fidelity’s Bitcoin ETFs collectively garnered around $433 million in inflows at Friday’s close. The influx of cash liquidity lifting top-tier assets spilled over into trending beta tokens below them.
Divergent Technical Chart Signals
Despite surging transaction volumes, short-term indicators urge caution. The 4-hour Relative Strength Index (RSI) metric pushed deep into overbought territory. This overbought condition warns of a potential selling-pressure pullback over the short term. PEPE must also prepare to clear a new sell wall across the $0.00000515 to $0.00000550 resistance zone.
A different picture emerges on higher timeframes. The daily chart’s Awesome Oscillator shows steady movement along positive territory around 0.00000033. The trajectory of this key indicator confirms support for an ongoing uptrend structure over the medium term.
For retail traders considering entering the PEPE market, the 4-hour overbought signal suggests waiting for a pullback rather than chasing prices at the very peak of the daily range. Reported by crypto.news.
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Disclaimer: This article is for informational and educational purposes only, not financial advice. Cryptocurrency assets are highly volatile and carry significant risk. Always do your own research (DYOR) and never invest more than you can afford to lose.
