PEPE Coin (PEPE), the second largest meme coin around the globe, just broke the bearish market structure and tacked on a double-digit percentage rally. Whipping up 12% gains on Wednesday, PEPE jumped to $0.00000685 for a new 7-day high.
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Technically speaking, the popular frog-themed meme coin is nearing the mid-point of the Gaussian channel. Showcased by crypto trader Eco Nomad, this PEPE price movement puts particular attention to the $0.00001078 level for one simple reason.
Gaussian Channel Breaks If PEPE Sustains This Level
That’s the price level that served as the main catalyst for PEPE’s simultaneous all-time heights during 2024, while 2025 was a lot less fortunate for PEPE in spite of a couple of strong breakouts during Summer 2025. The concept of Gaussian channel relies on a combination of the Supertrend indicator & the Stochastic Relative Strength Index (StochRSI).
However, a typical PEPE coin price rally largely depends on the trading volumes on both Spot & Futures markets. In today’s case, PEPE inked $1.2 billion on Spot, only falling behind Dogecoin’s (DOGE) $1.8 billion in the meme coin category. Moreover, PEPE Coin scored an even bigger volume of $1.76 billion on Futures, as the leveraged markets saw an anomaly.
Big Anomaly On PEPE’s Futures Screams Bullish
Out of $3.10 million in 24-hour liquidations, over $2.99 million of these over-leveraged positions were shorts. With PEPE’s short-sellers in such a bad place, the 84% trading volume hike is so bullish in the near-term for another reason. Since the start of 2026, short-sellers have been paying for longs on PEPE Coin’s price, except for a brief dip earlier today.
With buyers in dominant position, it’s yet to be seen if this extensive control is enough to push PEPE back to the four-digit dimension. For now, the meme coin trades at $0.000006546, according to the latest PEPE price data from CoinGecko.
At one point last year, over 99% of PEPE Coin holders were in profit, causing a sell wall due to intense profit-taking on a few occasions. On the other hand, PEPE’s longevity is proven with a loyal community & random developer burn initiatives.
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People Also Ask:
Eco Nomad’s weekly chart highlights PEPE approaching/testing the green midpoint line (~$0.00001078), a key volatility band level. Hitting it could signal exhaustion or reversal.
The green line is the Gaussian Channel midpoint—a dynamic average based on Gaussian distribution. PEPE reaching it suggests a pivotal test; sustained above could flip bullish, but the tweet warns of risks below.
Likely prices like $0.000x (four zeros after decimal, e.g., $0.0003–$0.0009 range)—implying a potential deep drop if the midpoint breaks lower, per the chart’s projections to $0.00000363 or below.
Cautious/bearish tilt: The PEPE coin price chart shows declining channels and lower targets if midpoint messes up. But a clean hold/break above could invalidate downside—watch volume at the line.
