PEPE is up 14.06% in the last 24 hours as buyers return after the token rebounds from recent lows.
While Memecoin was trading at $0.00002808, its market cap reached $1.16 billion, reflecting a daily increase of 14.06%.
Trading activity was also strong, with the token registering $274.5 million in volume; this represents an increase of 49.6% over the same period. The gains showed renewed market participation rather than an isolated price increase.
Additionally, PEPE maintained its position among the market’s leading memecoins as investors responded to increased confidence.
This latest rebound follows several sessions of weakness as traders focus on whether stronger participation will continue to support higher prices.
Have spot buyers taken control of PEPE?
Spot market activity strengthened faster than participation in derivatives during the recent rally. PEPE’s spot trading volume increased by 80.46% to $62.41 million in the same period, while its futures trading volume increased by 69.27% to $622.40 million.
This difference shows that fresh buying demand entered the spot market faster than leveraged speculation.
While futures trading still has a much larger dollar value, the stronger growth rate in spot volume has shown that buyers are increasingly purchasing the token directly rather than relying primarily on leverage.
Open Interest also increased by 21.60% to $178.35 million; This shows that investors continue to open new futures positions as prices rise.
However, the slower increase in futures transactions compared to spot volume alleviated concerns that excessive leverage alone was driving the recovery.
PEPE remains behind BONK but ahead of DOGE
Trading activity in the Memecoin sector has expanded widely, but PEPE has had a mixed performance.
BONK Spot volume saw the strongest participation, with spot volume increasing by 131.53% and futures volume increasing by 136.49%, comfortably surpassing PEPE’s gains of 80.46% and 69.27% respectively. These figures showed that investors were focusing more aggressively on BONK during the recent market recovery.
But PEPE clearly performed better DOGESpot volume increased by only 19.57%, while futures volume increased by 17.04%.
The comparison shows that PEPE is capturing stronger speculative interest than the largest memecoin, although it lags behind BONK’s phenomenal growth.
As a result, PEPE occupied a middle ground in the industry, attracting meaningful capital without becoming the strongest target for new trading activity.
Can PEPE break the next resistance?
At press time, PEPE After bouncing off the $0.0000231 support zone, it recovered sharply and approached the important $0.0000300 resistance level.
Rather than making a single explosive move, receivers continually regained lost ground, leaving the wideout more constructive.
The Relative Strength Index (RSI) was at 55.96, rising above the neutral threshold after recovering from oversold territory early in the decline. This reading showed increased purchasing power before reaching overheated conditions.
The price also settled below the next major resistance near $0.0000400, which continues to define the broader recovery target.
If buyers sustain the current participation and successfully move above $0.0000300, the chart will likely pave the way for higher resistance. However, repeated rejection below $0.0000300 could encourage another period of consolidation before the next directional move emerges.
Final Summary
- Spot purchases expanded faster than futures, supporting PEPE’s recent price recovery.
- PEPE approached major resistance after short liquidations accelerated the recent upward move.
