{"id":23888,"date":"2026-03-16T16:08:22","date_gmt":"2026-03-16T16:08:22","guid":{"rendered":"https:\/\/bitunikey.com\/news\/pepe-price-rallies-over-20-amid-market-rebound-can-it-reclaim-its-february-highs\/"},"modified":"2026-03-16T16:08:35","modified_gmt":"2026-03-16T16:08:35","slug":"pepe-price-rallies-over-20-amid-market-rebound-can-it-reclaim-its-february-highs","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/pepe-price-rallies-over-20-amid-market-rebound-can-it-reclaim-its-february-highs\/","title":{"rendered":"Pepe price rallies over 20% amid market rebound, can it reclaim its February highs?"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Pepe price rose as the best performer in the crypto market amid a market-wide recovery triggered by Bitcoin\u2019s surge past $74,000 support.<\/p>\n<div id=\"cn-block-summary-block_eb28834437e01e894cf42d54b29b08f4\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Pepe price jumped about 21% to a two-week high as the broader crypto market rebounded following Bitcoin\u2019s surge above the $74,000 level.<\/li>\n<li>Trading activity surged sharply, with PEPE\u2019s daily volume rising more than 380% as nearly $1 billion worth of the token changed hands.<\/li>\n<li>Technical indicators show bullish momentum building, with PEPE moving above key moving averages while traders watch resistance near the 100-day SMA.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>According to data from crypto.news, Pepe (PEPE) price shot up 21% to a two-week high of $0.000040 as of last check on Monday, March 16. Despite this, it still remains nearly 19% below its February high of $0.0000049.<\/p>\n<p>Pepe\u2019s gains came primarily due to a broader market recovery that followed Bitcoin\u2019s surge past the $74,000 resistance level, which boosted investor demand for risk assets. Ethereum (ETH) was also up 8% at the time of writing, while other major coins such as XRP, SOL, DOGE, and ADA also marched higher.<\/p>\n<p>As a high-beta memecoin, PEPE amplified the gains of the broader market, outperforming the global average with its staunch rebound today.<\/p>\n<p>PEPE\u2019s rebound was further fueled by a notable surge in trading activity. Over the past 24 hours, its <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.coingecko.com\/en\/coins\/pepe\" target=\"_blank\" rel=\"nofollow\">daily trading volume<\/a> shot up over 380% as nearly $1 billion worth of Pepe coin exchanged hands between traders.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h1 class=\"wp-block-heading\">Pepe price analysis<\/h1>\n<p>Technical indicators seem to suggest that the Pepe price could still have steam left to sustain its rally at least over the following sessions.<\/p>\n<p>Notably, the Pepe price has surged past the 20-day and 50-day moving averages as it formed a god candle today. This explosive vertical movement indicates strong buying pressure and a shift in market sentiment.\u00a0<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">PEPE price and MA ribbon chart \u2014 March 16 | Source: crypto.news<\/figcaption><\/figure>\n<p>The next target for PEPE stands at the 100-day SMA at $0.0000044, which represents a key resistance level that bulls must flip to confirm a long-term trend reversal.<\/p>\n<p>Momentum indicators like the MACD and RSI show that bulls were still holding the upper hand in the current market structure. The MACD lines were pointing upwards after a bullish crossover, confirming that upward momentum is accelerating.\u00a0<\/p>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1827\" height=\"954\" src=\"https:\/\/bitunikey.com\/news\/wp-content\/uploads\/2026\/03\/1773677302_961_Pepe-price-rallies-over-20-amid-market-rebound-can-it.webp.webp\" alt=\"PEPE RSI and MACD chart.\" class=\"wp-image-14454252\"><figcaption class=\"wp-element-caption\">PEPE RSI and MACD chart \u2014 March 16 | Source: crypto.news<\/figcaption><\/figure>\n<p>Meanwhile, the RSI has recently surged past the neutral threshold with still room before hitting overbought levels where a reversal usually takes place. This suggests that the current rally has not yet reached a point of exhaustion.<\/p>\n<p>However, there remains a risk to Pepe\u2019s ongoing rally, as is common with highly speculative meme coins with no fundamental utility.\u00a0<\/p>\n<p>The risk is that Pepe\u2019s rally could likely be a dead cat bounce, a temporary recovery in a declining market where an asset falls back after staunch rallies, as seen for Pepe coin today.\u00a0<\/p>\n<p>Without sustained organic demand or a broader market breakout, these gains can quickly evaporate as early investors move to take profits.<\/p>\n<p>In case of a retracement, $0.0000039, which aligns with the 50-day SMA, would act as an immediate support level. If this floor fails to hold, the price could slide further to retest lower liquidity zones, potentially wiping out today\u2019s gains.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<div class=\"cn-block-disclaimer\">\n<div class=\"cn-block-disclaimer__icon\">\n            <svg class=\"icon icon-info\" aria-hidden=\"true\"><use xlink:href=\"#icon-info\"><\/use> <\/svg>        <\/div>\n<p class=\"cn-block-disclaimer__content\">\n            Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.        <\/p>\n<\/p><\/div>\n<p><!-- .cn-block-disclaimer --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Pepe price rose as the best performer in the crypto market amid a market-wide recovery triggered by Bitcoin\u2019s surge past $74,000 support. Summary Pepe price jumped about 21% to a&hellip;<\/p>\n","protected":false},"author":1,"featured_media":9729,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-23888","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/23888","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=23888"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/23888\/revisions"}],"predecessor-version":[{"id":23889,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/23888\/revisions\/23889"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/9729"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=23888"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=23888"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=23888"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}