
The meme coin frenzy continues to heat up, with PEPE taking center stage once again, soaring over 7% in the past 24 hours, now trading at $0.00001402, clocking in a staggering 50% gain over the past 30 days.
But what has truly captured market attention is the massive $1.5 billion in trading volume – a sharp 27.07% jump overnight, pointing to heightened speculative interest.
Haha @cryptomanran called it 🙈😂
Back in the casino already. Only thing is.. can I keep my positions under control…
Once a degen, always a degen 🫡 https://t.co/hT1RX8ejqk pic.twitter.com/NIDVyU3mY8
— James Wynn 🐳 (@JamesWynnReal) May 26, 2025
The spike coincided with a notable move by crypto trader James Wynn, who reopened a 10x leveraged long on PEPE, after having previously bagged over $26 million in profits from a similar meme coin trade on HyperLiquid.
Wynn’s public declaration on X revealed that he’s already $200,000 in profit on this fresh PEPE bet, jokingly adding that he’s “fighting the urge to go full degen and open a billion-dollar long.”
This type of high-profile endorsement is a classic fuel for meme token rallies, amplifying bullish sentiment and FOMO among retail investors.
Based on the latest 12-hour chart for PEPE/USDT, the meme coin appears to be consolidating after a sharp breakout from a descending wedge pattern – a structure often seen before major trend reversals.
Now trading at $0.00001399, PEPE is showing strong support near this level, with the next upside targets located around the $0.00002100 and $0.00002836 resistance zones.
These areas served as key reversal points during the previous market cycle and could act as magnets if bullish momentum continues.
PEPE Daily Chart. Source: TradingView
The RSI is holding firm at around 55, indicating healthy consolidation without entering overbought territory. Meanwhile, the MACD remains in bullish territory, and volume has normalized after the earlier breakout, hinting at a potential accumulation phase.
If PEPE can sustain current levels and break above the $0.00001500 mark, the path to $0.00002836 becomes increasingly viable – possibly setting the stage for a new all-time high later this year.
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Source: MIND of Pepe
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