Key highlights:
- PEPE price approaches the apex of a multi-year descending channel that previously sparked massive rallies.
- Analyst calls for breakout that could create “fresh new millionaires”.
- Weekly chart shows 606% potential upside target toward $0.00003 zone if resistance clears.
PEPE has been quietly building something that caught the interest of technical analysts. After the rally that turned memecoin traders into millionaires in previous cycles, PEPE entered a prolonged consolidation phase that tested the patience of even the most dedicated holders.
StephIsCrypto indicated the setup on X with a bold statement. “This upcoming PEPE breakout will create many fresh new millionaires.” The charts across multiple timeframes tell a story of compression, accumulation, and a potential move that could rewrite portfolios for those positioned correctly.
On-chain data tells a story of network health
The Glassnode charts add another dimension to the analysis. The PEPE market cap currently sits in the $1.33 billion to $1.46 billion range, reflecting the consolidation visible on price charts.
The number of active addresses remains healthy, fluctuating between 2,500 and 5,000 in recent periods. This tells us that despite the lack of price movement, users are still transacting on the network.
The number of transfers chart shows even more activity. Transfer counts have ranged between 10,000 and 30,000 daily, with spikes pushing higher. This level of network usage indicates that the PEPE price consolidation is happening on top of real demand, not complete apathy. When price stalls but on-chain activity remains elevated, it often precedes a significant move.
The PEPE weekly chart reveals the bigger picture
Looking at the weekly chart shared by StephIsCrypto, the scale of PEPE’s journey becomes clear. From the lows near $0.00000013 in 2023, the PEPE price moved higher, gaining over 60,000% at its peak and creating life-changing wealth for early believers. That move put PEPE on the map as more than just another memecoin.
Since those highs near $0.00003, the PEPE price has undergone a multi-year correction that shook out weak hands and tested the conviction of those who bought the top. The decline retraced a significant portion of the rally, with the PEPE price falling back toward $0.000001 at the deepest point. But the structure of this correction matters.
This upcoming $PEPE breakout will create many fresh new millionaires! 👀 pic.twitter.com/9RSYR0SrFH
— STEPH IS CRYPTO (@Steph_iscrypto) March 16, 2026
The weekly chart shows a clear descending channel since the 2024 peak, with lower highs and lower lows converging toward the upper trendline. This compression often precedes explosive moves, and StephIsCrypto believes the next breakout could create a new wave of millionaires.
The PEPE price sits near $0.000004, bouncing from the channel lows toward resistance. The 606.24 percent label on the chart references the potential upside target if the pattern resolves, putting PEPE back toward previous highs.
The PEPE 4-hour chart shows building momentum
The 4-hour chart provides a closer look at the current setup. The PEPE price is currently ranging around $0.00000400, with the 100-period moving average close to $0.00000343, which is providing immediate support. Looking at the recent price action, there has been a series of higher lows, indicating that buying momentum is slowly coming back.
The resistance levels are between $0.00000515 and $0.00000569, and breaking past these levels may provide an opportunity to test the recent highs at $0.00000750. Support sits at $0.00000350
4-hour PEPE price chart analysis.
The RSI is at 80.22, which is strongly overbought in the short term. The momentum has increased rapidly, indicating that a correction or a period of sideways trading may be due before the next phase of the upswing. Even in strong trends, overbought conditions can persist, but traders should be on the lookout for signs of exhaustion.
Volume shows increasing participation, confirming genuine market participation. Price rising on expanding volume indicates real conviction, not manipulation.
The PEPE daily chart provides structural context
The daily chart stretches back to 2025 and shows the full arc of PEPE’s decline and potential recovery. The chart shows a clear break of structure that occurred during the downtrend, with the PEPE price breaking below key support levels. Since then, price has been attempting to reclaim lost ground.
As we look at the Fibonacci levels on the daily chart, we notice they are clearly indicated. We have the 2.272 extension price level at $0.00000569, which is in confluence with the 4-hour resistance.
Daily PEPE price chart analysis.
If the price breaks past this point, the next big targets are at the 1.618 extension price level at $0.00000926 and the 1.272 extension price level at $0.00001114. We then have the 0.618 level at $0.00001470 and the 0.236 level at $0.00001678.
The RSI on the daily reads 59.54, neutral and with room to run. No overbought concerns here, suggesting that the daily trend has not yet become extended. This leaves plenty of runway for a sustained move if momentum continues building.
Volume on the daily shows 10.9 trillion PEPE changing hands, a significant increase from the consolidation period. When volume returns to a dormant asset, it often precedes directional movement.
What this breakout could look like
StephIsCrypto’s millionaire-maker call rests on converging factors. The weekly descending channel nears its apex, 4-hour momentum builds with volume, daily RSI sits neutral with room to run, and on-chain data shows healthy network activity.
If PEPE breaks the weekly channel resistance, the 606% move targets $0.00003 from $0.000004, creating new millionaires. The path requires clearing $0.00000569, then $0.00000926 and $0.00001114. Structure and volume are in place. Whether this happens depends on resistance and broader sentiment. The signal is there. The market decides.
CoinCodex’s 1-month PEPE price prediction places the token at $0.00002979, pointing to significant upside from current levels near $0.000004 if the weekly channel breakout materializes.
Kraken: Best crypto exchange for security & reliability
- Buy, sell, and trade 400+ cryptocurrencies with industry-leading security
- Spot, Futures & Margin trading – leverage up to 5x for advanced traders
- Earn rewards with staking on top cryptocurrencies
- 24/7 customer support and high liquidity for fast trades
- Regulated in the US with strong compliance and security measures
- 13+ million users worldwide
Get Started on Kraken
Disclaimer: This content is for informational purposes only and does not constitute financial, investment, or other advice. Nothing on this page is a recommendation or solicitation. Always seek independent professional advice before making investment decisions. Some links may earn us a commission at no extra cost to you.