Pepe Coin Price Prediction 2026: PEPE Holds Support as Bitcoin Falls Below $75K

Pepe Coin (PEPE) showed resilience on Wednesday even as Bitcoin dropped below the critical $75,000 level. PEPE traded near $0.00000359 after posting a modest 0.80% daily gain, outperforming several meme coins during a broader crypto market decline.

The crypto market faced renewed pressure after weak investor sentiment, continued ETF outflows, and geopolitical concerns linked to the Iran-U.S. peace process. Bitcoin fell 2.45% to $74,971, while the total cryptocurrency market capitalization slipped 2% to $2.52 trillion.

Despite the bearish environment, whale activity boosted confidence around PEPE. On-chain tracking data revealed that two wallets, believed to belong to the same investor, opened 10x leveraged long positions totaling 1.31 billion kPEPE, valued at roughly $4.62 million. The large trade signaled strong short-term bullish sentiment and provided temporary buy-side momentum for the meme coin.

Bitcoin ETF outflows remain one of the biggest risks for the market. According to SoSoValue, Bitcoin spot ETFs recorded $334 million in net outflows on May 26, marking seven straight days of withdrawals. Ethereum spot ETFs also extended their losing streak with $35 million in outflows over 11 consecutive days.

PEPE’s short-term direction may continue to depend heavily on Bitcoin price action. If BTC recovers above the $75,000 to $76,000 range, analysts believe a rebound toward $78,500 could support a fresh rally in meme coins, including PEPE. However, if Bitcoin breaks below current support levels, the market could see another move toward $73,000, increasing selling pressure across altcoins.

Technically, PEPE is holding above the key $0.00000350 support zone. Resistance remains near $0.00000380, and a breakout above that level could push the token toward $0.00000400. On the downside, losing support at $0.00000350 may trigger declines toward $0.00000340 and potentially $0.00000330.