Pepe Coin Surges 20%: How High Can PEPE Climb This March?

Jakarta, Pintu News – The price of Pepe Coin surged more than 20% on Monday (16/3), rising to near $0.00000406 amid renewed market interest in the meme coin. The frog-themed crypto managed to bounce back after several weeks of downward trend and gained strong support from bullish traders.

The buyers were able to defend important support levels several times, which shows their confidence in the chances of a short-term trend reversal.

In recent days, Pepe formed a consistent upward movement before finally breaking out of a narrow consolidation phase. This breakout then triggered a new buying push in the market. The trading volume jumped almost 300% in a day and exceeded $950 million.

Why is Pepe Coin priced at the beginning of the week?

The crypto market in general also recorded gains, with a rise of around 3.35% bringing its total market capitalization to around $2.52 trillion. The price of Bitcoin climbed through $73,500, while Ethereum moved above $2,200 again, which helped strengthen the positive sentiment in the market.

Read also: Altcoin Season Index Returns to January Peak, a Sign of Altseason Starting to Rise?

Amidst these conditions, Pepe has outperformed most other digital assets and is among the best-performing assets among the top 100 cryptos.

Analysts noted that the increased risk appetite in financial markets was driven by the easing of geopolitical tensions between the United States and Iran. On the other hand, the memecoin market also continued to grow, with Dogecoin , Shiba Inu (SHIB), and Bonk all recording significant price increases. The total market capitalization of memecoins also increased to reach $33.31 billion.

PEPE rally strengthens, analysts aim for $0.00000500 after solid breakout

The price of PEPE surged to $0.00000407 after successfully breaking through the strong resistance area at $0.00000390. On the four-hour chart (16/3), a sharp bullish candle was seen which pushed theecoin to its highest level in the past week.

A number of technical indicators also moved into the positive zone as momentum picked up in the latest trading session. The MACD indicator showed a clear bullish crossover, with the histogram bars continuing to rise.

Meanwhile, the RSI has reached the level of 78, which indicates that the momentum is very strong despite being close to the overbought area. If this momentum continues, traders expect the next upside target to be around the $0.00000450 resistance.

If the rally gets stronger, the medium to long-term projection for Pepe Coin could lead to the psychological area of $0.000005. Even so, analysts caution that a short-term correction remains possible after such a rapid price surge.

Currently, the support area is around $0.00000390, which previously served as resistance during the consolidation phase. If the price drops through this level, the next support is expected to be around $0.00000350.

Read also: Bitcoin Breaks $74,000 Again, XRP Price Ready to Soar to $2?

Pepe Derivatives Activity Explodes, Open Interest Hits $240 Million

Pepe derivatives activity surged sharply this week as trading interest in the meme coin increased. Derivatives trading volume rose by more than 433% to around $1.40 billion across major trading platforms.

This surge indicates that traders started to accumulate futures positions to capitalize on the short-term price movements of this popular meme asset. Open interest also increased by about 16% to reach $240 million in open contracts.

In general, the increase in the number of open positions reflects greater market engagement and higher liquidity in the derivatives market as a whole.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coingape. Pepe Coin Price Surges 20%- How High Can it Go in March? Accessed on March 18, 2026