---
title: "Why PEPE’s price is up 12% – KEY support, RSI surge & more…"
description: "Pepe (PEPE) has surged 12% in the last 24 hours, breaking above its recent price range while maintaining support levels. The increase is supported by rising trading volume and whale activity, with tra"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/272590099.md"
published_at: "2026-01-14T18:02:08.000Z"
---

# Why PEPE’s price is up 12% – KEY support, RSI surge & more…

> Pepe (PEPE) has surged 12% in the last 24 hours, breaking above its recent price range while maintaining support levels. The increase is supported by rising trading volume and whale activity, with transactions exceeding $100K. The Relative Strength Index (RSI) indicates a bullish trend, although it shows signs of mild overheating. This price movement aligns with a broader trend of altcoins outperforming Bitcoin, suggesting traders are seeking higher returns. Overall, PEPE's momentum appears strong, but sustained volume is crucial for continued growth.

Pepe \[PEPE\] is back! After a strong start to 2026, the memecoin just jumped another 12% in the last 24 hours. What’s going on?

## **Pepe breaks out as pace returns**

PEPE’s latest move is a very clean breakout. The chart shows price pushing strongly above its recent range, delivering a 12% jump before slowing down slightly.

Source: TradingView

The memecoin is still holding above its prior support zone, so buyers haven’t rushed for the exits just yet. Increased volume means real crowds are pushing the move.

The RSI was in the mid-60s, so there was pace with mild overheating. Even as price pauses, Pepe’s structure remains constructive.

The short-term trend is in the bull’s favor.

## **Altcoins take the wheel, and Pepe keeps pace**

Over the past 60 days, a growing number of altcoins have outperformed Bitcoin \[BTC\], and PEPE sits firmly in that group.

Alphractal data showed Bitcoin’s returns going flat, while select altcoins pushed higher; this is a clear rotation. Perhaps traders are looking for higher upside beyond BTC, especially after the strong breakouts.

Source: Alphractal

PEPE’s recent jump fits neatly into the narrative, so the move isn’t happening out of the blue.

## **Whales keep the pace going**

There’s been a clear rise in whale activity around PEPE’s recent push higher, with frequent transactions above $100K. Some have even crossed the $1 million mark, appearing alongside the gains.

Source: Santiment

Large holders seem active during both breakouts and pullbacks, so traders are positioning for a time. Even when the price fell for a bit, whale transactions didn’t disappear, so interest is beyond just the price charts.

Bigger players haven’t walked away from the move yet. Provided the current pace holds, their steady presence could help cushion dips and keep PEPE in play.

* * *

## Final Thoughts

-   *PEPE’s 12% daily jump is happening during a greater altcoin rotation.*
-   *Dips may be supported, but momentum needs volume to stay strong.*

### Related Stocks

- [GBTC.US - Grayscale Bitcoin Trust BTC - ETF](https://longbridge.com/en/quote/GBTC.US.md)

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.