Pepe (PEPE), which has been struggling in recent months, has seen a huge price rise. The price of the frog memecoin rose by 15.8% over the last seven days and 1.2% within the last day. according to CoinGecko statistics. Despite the fact that the bull run has provided some relief for investors, it is important to note that the price of this coin remains down 73% from last year. What’s driving PEPE to rally? And can its price continue rising?
Why is PEPE launching a price rally?
PEPE’s recent price increase could be the result of a global memecoin surge. Dogecoin and Shiba Inu, two of PEPE’s rivals have seen their prices reversed. PEPE’s revival could also be because Solana (SOL), which has made healthy gains the last couple of days, is responsible for its resurgence. PEPE may have gained from SOL’s rise, as it is a Solana based memecoin.
In the past few days, there has been a small reversal on the cryptocurrency market. Bitcoin (BTC), which has been trading at $63,000, is now back to its previous price. Other assets appear to have followed suit. PEPE’s value may have changed due to the rebound in markets.
Can the Rally continue?
The cryptocurrency market is still far from being recovered, despite the positive rebound in the stock markets. Bitcoin (BTC), still stuck in bearish territory, is struggling to overcome its resistance of $63,000. PEPE is likely to face some difficulties in the future.
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A cryptocurrency rally is threatened by inflation in the US. CPI (Consumer Price Index), which measures consumer prices, was 4.2% at the end of May 2026. This prompted Federal Reserve to maintain interest rates. Analysts predict that the Federal Reserve will raise interest rates two times this year. The Federal Reserve often raises rates to reduce the risk of investments. The memecoin PEPE carries the most risk on the market. The coin’s price could be affected by a rate increase. Another factor which could hinder the price rise of PEPE is geopolitical tensions.
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Source: watcher.guru
