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    PEPE Price Holds Steady as PENGU Rockets: Is a Memecoin Comeback Brewing?

    PEPE stabilizes after its pullback, while PENGU’s rally ignites fresh speculation across the meme coin market.
    Brenda MaryBy No Comments3 Mins Read

    TLDR:

    • PEPE consolidates near $0.00001235 with $3.6B in daily volume despite recent price dip.
    • Analysts suggest PEPE’s stability reflects accumulation, not weakness, after sharp pullback.
    • PENGU has rallied 160%, reclaiming support zones and attracting momentum-focused traders.
    • Chart watchers see PENGU mimicking PEPE’s old moves, fueling hopes of a broader meme rebound.

    Meme coins are stirring again. PEPE, once the poster frog of the space, is holding near key levels. After cooling off from highs, it’s showing signs of stability. Meanwhile, PENGU is running hot, drawing traders’ eyes back to the meme coin arena. The market may be shifting again, and eyes are on which token rides the next wave.

    PEPE Maintains Presence Despite Price Dip

    Pepe (PEPE) currently trades at $0.00001235 with a market cap of $5.2 billion. Although down 2.16% in the past 24 hours and 9.73% this week, it still ranks as the third-largest memecoin and 28th overall by market cap.

    PEPE price on CoinGecko

    Crypto analyst Rain noted PEPE is no longer at rock-bottom levels but still offers what he called “attractive” positioning. He pointed to a consolidation phase following a pullback, which he believes could precede an upward move. The pattern, according to him, shows stability, not collapse.

    Despite price pressure, the memecoin hasn’t lost traction. It continues to draw support from a large holder base and active traders. The chart, Rain suggested, points to a cooling-off period rather than weakness.

    With $3.6 billion in daily volume, activity around PEPE remains elevated. Traders appear to be watching closely for a breakout or another leg up. Market participants are speculating that PEPE could regain momentum if sentiment across the meme space improves.

    PENGU Outpaces Rivals with Strong Rally

    While PEPE steadies, PENGU is moving fast. Currently priced at $0.03661, Pudgy Penguins (PENGU) is up 21.75% over the past seven days. 

    Rekt Capital reported that PENGU rallied 160% since its initial feature, successfully reclaiming a key support area on its chart.

    The token also saw a 51% rise after retesting resistance as new support. Analysts suggest that another push could occur if it closes above its next red resistance zone. A close above that level would confirm a larger trend continuation.

    Ali, a popular chart watcher, pointed out that PENGU’s price action still mirrors PEPE’s past moves. If the similarity continues, some believe PEPE may follow with its own surge.

    For now, traders are waiting. Some have already positioned. Others are watching from the sidelines, waiting to see if the frog jumps again.

    Whether PEPE catches PENGU’s heat or carves its own path, meme coins are clearly back in play.

     

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