PEPE slipped from its weekend high of $0.000005030 to about $0.000004325 this week, yet it still holds well above its year-to-date low of $0.0000031. The token’s market capitalization remains above $1.78 billion. Price action has been muted across the broader crypto market, with Bitcoin and many altcoins stuck in a narrow range, and PEPE has been moving inside that same consolidation.
Derivatives data has stayed firm. According to CoinGlass, PEPE futures open interest has climbed in recent days to $262 million, up from the year-to-date low of $200 million. Daily trading volume also recovered from this month’s weakest readings and stood at $435 million on Wednesday. That combination points to continued trader participation even as spot price pulls back.
Volume remains ahead of several major meme coins
PEPE’s activity level is still running above some of the best-known meme tokens. The article notes that Shiba Inu posted daily volume of $114 million, while Official Trump came in at $152 million, both below PEPE. Stronger turnover does not confirm direction by itself. It does show that liquidity and speculative interest are still concentrated in the token.
Double-bottom support at $0.0000036 is the key level
The daily chart shows PEPE in a broader downtrend since 2025 as demand for meme coins faded and many altcoins sold off. At the same time, the chart has developed a large double-bottom pattern around $0.0000036, a level that matches both the low from December last year and the low seen this month. In this setup, the neckline sits at $0.0000072.
Using the standard projection for a double bottom, the measured move gives a target near $0.00001082, which would represent roughly 150% upside from current levels. The structure depends on support holding. If PEPE drops below $0.0000036, the bullish setup would be invalidated.