PEPE Surges 40% in September – Here Is What Could Drive It Higher

• PEPE has gained 40.6% so far in September, with the token trading near $0.00000509 after jumping around 25% over the past 24 hours.
• The memecoin faces key resistance around $0.0000054, while $0.0000042 remains an important support level following the latest breakout.
• PEPE derivatives volume surged 267.63% to $1.72 billion, while open interest increased 33.62% to $421.76 million as trading activity accelerated.

PEPE has emerged as one of the strongest performers in the latest crypto rally, gaining around 25% over the past 24 hours and pushing its September return to 40.6%.

The memecoin was trading near $0.00000509 after reaching a weekly high around $0.0000054.

PEPE is also up 26.75% for the week after opening near $0.0000040, putting the token around an important resistance zone that has limited previous rallies.

The move pushed PEPE’s market capitalization back above $2 billion, with more than $1 billion worth of tokens changing hands over the past day.

PEPE Tests Major $0.0000054 Resistance

PEPE is approaching resistance around $0.0000054, near the 0.618 Fibonacci retracement level at $0.00000537.

The token’s 20-week EMA sits around $0.00000357, while its 50-week EMA is near $0.00000486. PEPE is currently trading above both levels.

Weekly RSI has also climbed to 61.16, its highest reading in more than a year.

On the daily chart, PEPE generated a fresh Supertrend buy signal after breaking above its recent trading range.

If PEPE can hold above $0.0000042 and clear $0.0000054, the next resistance level highlighted by the analysis sits around $0.0000062, followed by approximately $0.0000073.

A break below $0.0000042, however, could put the $0.0000036 area back in focus.

September Becomes PEPE’s Strongest Yet

September has historically produced relatively strong returns for PEPE, and 2026 is currently running well ahead of previous years.

PEPE has gained 40.6% month to date, exceeding its previous best September performance of 37.6% in 2024.

Historical September returns average approximately 18.5%, with a median gain of 18.4%.

The rally has come alongside strength across the broader crypto market.

Bitcoin climbed toward $87,000, while Ethereum rose to $2,788, Solana reached $118.60 and XRP traded around $1.52.

Other memecoins also rallied, with Dogwifhat gaining 18% and Dogecoin rising 14%.

PEPE Derivatives Activity Surges

Trading activity in PEPE derivatives has increased sharply alongside the price rally.

Derivatives volume jumped 267.63% over 24 hours to $1.72 billion, while open interest increased 33.62% to $421.76 million.

Short sellers absorbed most of the liquidations over the full 24-hour period, with $2.52 million in short positions liquidated compared with $1.56 million in longs.

More recently, however, the pressure shifted toward traders betting on further gains. Long liquidations reached $427,230 during the latest hour compared with almost no short liquidations.

The shift suggests volatility remains elevated as PEPE tests the $0.0000054 resistance area following one of its strongest September rallies on record.

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