Pepe’s price is up 0.67% in the last 24-hour period, holding above an important support band even as volume has advanced to levels that suggest large players are actively managing their positions.
Meme Token rose from $0.000007205 to $0.000007265 during the period, trading within a tight range that maintains volatility according to Coindesk Research’s technical analysis model. Although the move appeared modest, the influx in trading activity told a more complicated story.
At one point, the volume jumped 72% above its daily average, hitting 2.70 trillion tokens, mostly testing resistance near $0.000007249. This type of activity, which is often seen when large holders sell on strength, hints at coordinated positioning rather than panic-driven exits.
Data from Nansen It shows that over the past week the top 100 non-exchange Ethereum addresses have added to their holdings, increasing by nearly 1% to 306.7 trillion. Similarly, Pepe on Exchange Wallets is down 0.95% to 232.59 trillion tokens.
Pepe has since bounced slightly off its lows, ending at $0.000007152. The rebound followed a pattern of higher lows that formed during the day, a potential early consolidation signal, as traders tested the $0.000007090 to $0.000007140 zone support.
Pepe now faces nearby resistance between $0.000007260 and $0.000007270. A move above that could open the door for further gains, but if support breaks below $0.000007090, the setup could turn bearish.
The broader crypto market, which can be seen at CD20 The index, trending lower, slipped 0.2% in the last 24-hour period. The memecoin sector, based on the Coindesk Memecoin Index (Cdmeme), up 1.6% over the same period.
Disclaimer: Parts of this article were generated with help from AI tools and reviewed by our editorial team to ensure accuracy and compliance with our standards. For more information, see Coindesk’s full AI policy.
