Pepe price jumps 25% but overbought RSI warns of pullback

Pepe price surged nearly 25% on Sep. 21 as the meme coin cleared a major resistance level, although an overbought 4-hour reading raises the risk of a short-term pullback.

Summary

• PEPE price rose 24.75% on the daily chart and traded near $0.00000499.
• Price broke above $0.00000458, a level identified as a key structural barrier.
• The 4-hour RSI reached 82, placing PEPE deep in overbought territory.
• Liquidation data show large leverage clusters below the market near $0.00000360.

According to data from crypto.news, Pepe (PEPE) price traded around $0.00000499 at the time of writing after reaching an intraday high of $0.00000515. The rally lifted the meme coin by 24.75% during the daily session and extended its seven-day gain to nearly 40%, according to CoinGecko.

The token’s market capitalization climbed above $2 billion, while its 24-hour trading volume approached $900 million.

PEPE’s advance came alongside a wider crypto rally led by Bitcoin, which crossed $85,000 for the first time in eight months. Bitcoin exchange-traded funds operated by firms including BlackRock and Fidelity received about $433 million on Friday, according to JPMorgan data cited by the Wall Street Journal.

Broader demand for risk assets helped PEPE accelerate beyond the gradual recovery visible earlier in the week. However, its latest technical readings suggest that buyers may struggle to maintain the same pace without a period of consolidation.

Pepe price clears its major moving averages

The daily PEPE/USDT chart shows that the token has moved above its 20-day, 50-day, 100-day and 200-day simple moving averages.

PEPE’s 20-day SMA stood near $0.00000364, while the 50-day and 100-day averages were located around $0.00000337 and $0.00000330, respectively. The 200-day SMA remained lower at approximately $0.00000305.

Trading above all four averages marks a sharp change from the bearish structure that controlled the market during the first half of 2026. Price had fallen from above $0.000007 in late 2025 to a June low near $0.00000220 before forming a base.

The daily Awesome Oscillator also moved into positive territory at approximately 0.00000033. A positive reading means short-term momentum is stronger than longer-term momentum, supporting the current bullish setup.

The next technical test sits between $0.00000515 and $0.00000550. PEPE briefly touched the lower end of that area during the rally but had not produced a confirmed daily close above it at the time the chart was captured.

4-hour RSI warns of an overheated rally

Shorter-term readings show greater pullback risk after the rapid price increase.

The 4-hour Relative Strength Index rose to 82.05, well above the 70 level commonly used to identify overbought conditions. Its RSI-based moving average stood at 70.13, confirming that momentum accelerated sharply during the breakout.

An overbought RSI does not guarantee an immediate fall, but it can indicate that buyers have already committed substantial capital over a short period. PEPE’s latest 4-hour candle had declined 1.78% from its opening price after reaching $0.00000515, showing early profit-taking near the session high.

The 4-hour Supertrend remained bullish, with its support line near $0.00000431. Holding above that level would preserve the current short-term trend and could allow buyers to retest $0.00000515.

A drop below $0.00000431 would weaken the breakout and expose the former resistance area around $0.00000400. Deeper support sits near the 20-day moving average at $0.00000364.

PEPE liquidation clusters increase pullback risk

CoinGlass’s one-week liquidation heatmap shows that PEPE’s rally moved through several concentrations of leveraged positions between $0.00000410 and $0.00000450.

The largest remaining liquidity concentrations appear below the current price. Dense bands are visible around $0.00000355–$0.00000370, with another strong cluster near $0.00000320.

Liquidation heatmaps show where leveraged positions could face forced closure if the market reaches certain prices. They do not establish that price must move toward those zones, but concentrated leverage can add volatility when a reversal begins.

Smaller clusters also sit above PEPE near $0.00000510–$0.00000524. A renewed move through the intraday high could force additional short liquidations and extend the rally before the market tests higher resistance.

PEPE breakout puts $0.00001 back in focus

Crypto analyst Crypto Patel said PEPE has risen about 97% from a higher-time-frame accumulation zone between $0.00000200 and $0.00000270.

“The accumulation move is already underway. The next trigger is the breakout.”

Patel identified $0.000004583 as the level PEPE needed to reclaim and convert from resistance into support. The market has now traded above that threshold, but a daily close and successful retest would provide stronger confirmation than the initial intraday break.

The analyst listed $0.000010, $0.0000,16 and $0.000027 as possible longer-term targets if PEPE also breaks its higher-time-frame downtrend. Those levels remain projections rather than confirmed destinations, with the first target requiring the token to roughly double from its current price.

PEPE’s immediate outlook depends on whether buyers can defend $0.00000458 after the 25% daily advance. Holding that level would keep $0.00000515 and $0.00000550 in view, while losing it could send the token toward Supertrend support at $0.00000431 or the larger liquidation zone near $0.00000360.