PEPE cryptocurrency has entered 2026 with notable momentum after recording a 30% surge in value. The memecoin now trades above a reclaimed structural level that previously acted as resistance. At the time of writing, the token trades at approximately $0.00000558, suggesting a 34% increase in the last 24 hours. This marks a significant shift from the consolidation pattern observed throughout November and December 2025. Volume metrics indicate increased participation across both spot and derivatives markets. PEPE’s price action over the past 24 hours (Source: CoinCodex ) Technical Structure Confirms Bullish Reversal PEPE price action broke decisively above its accumulation base in late December. The breakthrough occurred when the asset reclaimed the $0.0000050 threshold. This price level had consistently rejected upward attempts during the fourth quarter of 2025. The recovery pattern displays characteristics of an Adam and Eve formation. A gradual, rounded transition bottomed out and then moved sharply upward. This combination suggests building confidence among buyers who absorbed the available supply during the consolidation phase. Momentum indicators support the bullish thesis. The Directional Movement Index showed a constructive shift on December 31. The positive directional indicator crossed above the negative directional indicator on that date. This technical event preceded the rally that followed. The Average Directional Index currently stands at approximately 28. This value indicates trend strength without suggesting overextension. Readings above 25 typically reflect sustained directional movement rather than exhaustion. Key Price Levels Define Near-Term Trajectory The $0.0000050 support level now serves as the primary reference point for market structure. Continued acceptance above this zone maintains the bullish framework. A breakdown below would invalidate the current setup and expose the asset to renewed downside pressure. Resistance emerges near $0.00000623. This represents the next logical target if buying pressure persists. A sustained break above that threshold would open the path toward $0.0000075. The memecoin sector has shown renewed interest in recent weeks. Trading volumes across major exchanges reflect this shift. Both retail participants and institutional traders have increased their engagement with PEPE and similar assets.
