The price of the meme coin PEPE experienced a modest intraday rebound on February 26, 2026, climbing to a high of $0.00000418. This brief surge provided a momentary lift to community sentiment. However, the token quickly pulled back, trading around $0.000004064 at press time, reflecting a mild 24-hour gain of just 1.6%.
The broader technical picture remains firmly bearish. PEPE continues to trade within a clear downtrend characterized by lower highs and weak relief rallies. The token is positioned below both its 50-day Exponential Moving Average (EMA) near $0.00000469 and its 200-day EMA, a classic signal that sellers control the longer-term trend. Momentum indicators reflect this weakness: the Relative Strength Index (RSI) hovers around 44 (below the neutral 50 mark), and the MACD shows converging lines with muted histogram bars, indicating reduced buying momentum.
This technical structure suggests the market has not yet shown proof of a durable reversal. Analysts note that for a more meaningful recovery, bulls would need to decisively reclaim the 50-day EMA. A break above could open a path toward the $0.00000521 resistance level. On the downside, key support levels are being watched at $0.00000363 (a prior swing low) and a deeper zone around $0.00000290.
Separate market data from the same day showed PEPE trading at $0.05394, down 2.5% over 24 hours, while moving within a tight range between support at $0.053882 and resistance at $0.054045. Despite the USD decline, PEPE gained 0.3% against Bitcoin (BTC) and 0.4% against Ethereum (ETH). A specific short trade setup was identified with an entry at $0.000401, a stop-loss at $0.0004142, and a downside target of $0.000318.
The token's performance remains under significant pressure on longer timeframes. PEPE is down nearly 19% over the past month and has lost more than half of its value year-over-year. It also remains approximately 85% below its all-time high of $0.00002803, reached in December 2024. Despite the price struggle, daily trading volume remains active at roughly $594 million, indicating persistent interest.
