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CryptoUpdated•Originally published 6 April 2026•Updated 8 April 2026•

1 min read

PEPE Surges 6% as Trading Volume Spikes 130%, Signaling Potential Short Squeeze

Key Facts

1PEPE price rose by nearly 6% to reach $0.000003535.

2PEPE trading volume saw a significant surge of approximately 130%.

about 2 months ago

Version History

5 additional sources confirmed this story

Version 1about 2 months ago

What changed: The story was updated to include new technical indicators such as RSI, MACD, and Bollinger Bands, suggesting a potential price pullback despite the initial surge.

PEPE has recorded a notable price increase of 6%, reaching the $0.000003535 level, supported by a 130% spike in trading volume. While this momentum initially signaled a potential short squeeze, new technical data suggests a more cautious outlook for the meme coin. The Relative Strength Index (RSI) is currently neutral at 56.70, while MACD momentum remains firmly in bearish territory. Furthermore, the price is trading near Bollinger Band resistance at the 1.03 position, indicating that a potential pullback may be on the horizon. This technical setup suggests that the recent surge faces significant hurdles despite the increase in market interest. Traders are now closely monitoring whether PEPE can overcome these resistance levels or if the broader bearish trend will resume.