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Memecoin PEPE rallies 61% in a week but shows bearish signs amid heavy trading volume.

Technical Signals
22 Aug 2026
AMBCrypto
View Source
Neutral
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The memecoin PEPE surged 61% over the past week, driven by strong buying pressure and a 123% increase in daily trading volume. Despite the impressive rally, technical indicators and a bearish swing structure on the daily chart suggest caution. The rapid price gains may be a short-term bear market rally, with traders advised to consider taking profits and watch for a potential momentum reversal. A confirmed bullish shift requires a daily close above $0.00000459, while a drop below $0.0000031 would signal bearish control.

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