Pepe (PEPE) Daily Market Analysis

PEPE Price Decline Amid Market Volatility

As of February 9, 2026, PEPE is trading at $0.00000368 with daily trading volume of $310.5 million. The memecoin is down 0.36% in the last 24 hours, reflecting broader market pressures affecting the sector.

Market Position and Capitalization

PEPE maintains a market cap of $1.57 billion, ranking #42 on CoinMarketCap. Over the past seven days, PEPE has declined 10.50%, outperforming the global cryptocurrency market which is down 10.60%, while underperforming similar Ethereum Ecosystem cryptocurrencies which are up 12.70%.

Recent Technical Developments

Traders are pivoting toward real-world use cases, pressuring PEPE's volume. PEPE's trading volume has declined 41.69% weekly to $485 million, reflecting waning interest as investors favor projects with payment infrastructure, while the memecoin sector's market cap dipped to approximately $42 billion from December 2025's $47.7 billion peak.

Analyst Outlook

Analysts highlight a weekly breakout above $0.000006 resistance, with technical targets at $0.0000157 (155% upside) if PEPE holds $0.0000059 support. However, the chart patterns suggest a cautiously bullish momentum shift, but PEPE needs to clear $0.0000068 resistance to confirm trend reversal, with failure risking a retest of $0.000004 support.

Sector Headwinds

Declining volumes suggest reduced speculative appetite in the medium term, though PEPE's 27% 30-day gain shows lingering retail interest that could resurge if crypto risk sentiment improves.

PEPE 24-Hour Price Analysis

Current Price and Movement

PEPE is trading at $0.00000381 with a modest 24-hour gain of +0.44%. While the token shows a slight positive movement over the past day, this modest uptick reflects broader consolidation within a challenging technical environment.

Market Metrics

• Market Capitalization: $1.60 billion
• 24-Hour Trading Volume: $322.6 million
• Available Supply: 420.69 trillion tokens
• 7-Day Performance: -10.42%

Key Drivers of Today's Movement

The marginal 24-hour gain appears driven by technical stabilization rather than fundamental catalysts. Price has started to reclaim the 21-day EMA on pullbacks, a first sign that aggressive shorts are no longer in total control. This suggests some relief buying after sustained selling pressure.

However, the broader context remains bearish. Pepe changes hands around 0.0000043 dollars, down roughly 29% over the past month and more than 64% over the past year, with 24-hour volume near 600 million dollars signaling that speculation is bruised, not dead.

Technical Considerations

Recent analysis highlighted a weakening structure with a head-and-shoulders pattern and persistent distribution by whales into strength. This pattern suggests institutional holders are selling into any rallies, which could limit upside momentum despite today's modest gains.

The token's volatility score of 10.78 indicates relatively lower price swings compared to its historical range, suggesting the market is consolidating after significant losses.

Market Context

PEPE remains highly sensitive to broader cryptocurrency sentiment and memecoin sector dynamics. The 24-hour gain should be viewed within the context of a multi-month downtrend rather than as a reversal signal.

Market Sentiment Analysis: PEPE (Pepe)

Overall Sentiment Assessment

Technical analysis sentiment is bearish with 3 bullish signals and 24 bearish signals, though recent price action presents a more nuanced picture. The RSI value is at 38.03, indicating the PEPE market is in a neutral position. The market exhibits conflicting forces between technical recovery signals and fundamental headwinds.

Technical Indicators and Price Action

PEPE rose 6.15% over the last 24 hours, significantly outperforming the broader crypto market's 1.54% gain, contrasting with a 1.84% decline over the past week but aligning with a strong 23% gain over 30 days. PEPE is breaking from a prolonged falling wedge pattern, a classic bullish signal that has attracted trader attention.

Chart patterns suggest momentum shift, but PEPE needs to clear $0.0000068 resistance (failed 3x in Jan 2026) to confirm trend reversal. PEPE trades between $0.00000560 (38.2% Fib) and $0.00000637 (23.6% Fib), with RSI at 59.32 suggesting neutral momentum, but derivatives show -0.005% funding rates, signaling bearish leverage.

Social Media and Community Sentiment

Crypto Twitter is buzzing with optimistic calls for a "PEPE season," fueling retail buying interest and short-term momentum. Social media, particularly X (Twitter), shows a surge in bullish sentiment for PEPE, with accounts like Pepe Whale actively posting calls like "PEPE season incoming" and "Get ready Pepe will go up," which garners significant community engagement.

Twitter mentions, Reddit discussions, and viral TikTok content create price swings that often exceed 20% within hours. Community resilience is underpinned by a robust community that leverages platforms like Twitter, Reddit, and TikTok to amplify its narrative.

Trader Positioning and Market Dynamics

Capital is rotating into higher-risk meme coins like PEPE as traders seek short-term gains, with Shiba Inu's historical February outperformance highlighting the trend. PEPE's top 100 holders control 93.1% of supply, making retail sentiment secondary to whale liquidity moves.

In late January 2026, PEPE experienced a significant whale dump, with a long-term holder selling 858 billion PEPE tokens worth $3.88 million, contributing to a 5.56% weekly decline and a total of 4.25 trillion PEPE tokens being offloaded by large holders, signaling a lack of market confidence.

Volume and Liquidity Trends

Trading volume of PEPE is $316,264,104.29 in the last 24 hours, representing a -13.10% decrease from one day ago and signalling a recent fall in market activity. PEPE's trading volume ($485M, -41.69% weekly) reflects waning interest as investors favor projects with payment infrastructure and fiat gateways.

Sector Context

The memecoin sector's market cap dipped to ~$42B from December 2025's $47.7B peak. Most forecasts assume interest depends on meme-coin market sentiment, making PEPE suited to high-risk strategies rather than long-term value investing.

Risk Factors

Sudden whale sell-offs (like Wintermute's $6.5M dump) could trigger cascading liquidations. This reliance on social media makes PEPE highly sensitive to lower interest or a shift in sentiment, which could potentially influence price decreases.

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