PEPE Price Surges 50% in 7 Days: Is an 80% Rally Next?

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With the start of 2026, PEPE has captured market attention with a massive surge of 50% in just seven days.

It has become one of the most resilient in the meme-coin market. The short covering rally occurs following a breakout of the multi-month consolidation.

PEPE price surpassed the key hurdle of $0.000005407 with strong volume. With the momentum and buyers clinging to the higher levels, the focus has now shifted to whether PEPE is in the process of a short-term spurt or the beginning of a far greater bullish trend.

A 80% Rally Next, Per PEPE’s Elliott Wave Setup

Per a recent post on X by analyst Steph is crypto, PEPE price have gone through its second corrective wave.This was a healthy and significant correction that did not break the broader bullish structure by holding above key support levels.

This usually precedes the initiation of a third wave, which in most cases is the most powerful and the quickest in an uptrend.

The recent consolidation breakout coupled with the increase in volume reinforces the notion that PEPE might be in the process of entering this next impulsive leg. 

Buyers are moving in at earlier lows, gaining increasing confidence that the correction process is complete.

Should this wave count play out as projected, the third wave may bring PEPE much higher, particularly should the larger market sentiment continue to be favorable.

According to him, if PEPE price holds bullish momentum, it could trigger a 80% upside from current levels to $0.0001300.

However, this bullish scenario remains valid only if PEPE price holds above the $0.00000500-$0.00000600 zone.

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What Traders Should Watch Next?

Amidst the sharp incline of over 50%, the key EMA’s turned positive and displayed signs of trend reversal.

Currently, PEPE price trades at $0.000006304, bounced off from the demand zone of  $0.000004600 replicating accumulation on the charts.

The recent breakout with strong volume influx gives a hint that PEPE price may reward more gains to market participants in the next few weeks.

Traders need to observe the immediate supply zone of $0.000008900 for further upside possibility, whereas a retracement below the current price level of $0.000006304 may deepen the selling pressure to retest $0.000005830 ahead.

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