PEPE's weekly chart structure points toward $0.000028, a projection that represents roughly a 474% advance if buyers can clear several resistance levels along the way. Trading volume on the meme-based token approached $5 billion during July, though activity has since declined as PEPE struggled to hold higher price levels.

The latest market snapshot reports a 24-hour gain of 0.31%, while weekly performance remains negative at 0.61%. Together, the weekly chart patterns and volume history provide key market references for an outlook that keeps PEPE on a recovery trajectory toward its previous highs.

Weekly Structure Places Previous Highs Back in Focus

Whale Alert Desk recently shared a weekly chart on X outlining PEPE's potential route back toward its previous all-time high. The projection places the target at around $0.000028, implying approximately 474% upside from $0.00000489. The setup follows an extended correction and a subsequent recovery above descending trendline resistance.

The earlier price structure shows how sellers controlled the market for several months. A descending trendline connected successive lower highs throughout that period, but PEPE eventually broke above the boundary and began recovering.

After a downturn, the breakout drove prices into the $0.000010 area. What followed was a broad consolidation range marked by pullbacks, and the token has since struggled to establish a sustained move above nearby resistance.

The $0.000008 region remains an important level for the next recovery attempt. A weekly close above it could bring $0.000010 into focus, and beyond that level, $0.000020 stands between current trading levels and the projected target.

Trading Volume Reveals Shifts in Market Participation

Historical volume data adds another perspective on PEPE's changing market conditions. February and March recorded relatively modest activity alongside declining prices, and trading participation began building in April as prices recovered.

May produced one of the strongest periods of activity on the chart. Several volume bars approached $4 billion as PEPE climbed sharply, a combination that reflected increased participation during the upward move.

Trading activity remained elevated through June and July, with repeated volume spikes. July recorded individual bars approaching $5 billion during another active period, though the price struggled to maintain its earlier upward momentum.

From August through November, volume gradually declined alongside weaker price performance, and smaller trading bars became increasingly common. This contrasted sharply with the activity recorded during May and July.

Recent Activity and Market Data Shape the Outlook

Another burst of activity appeared around late December and January. One volume spike exceeded $3 billion as prices moved upward, but the recovery eventually lost strength and gave way to further consolidation.

The following months remained relatively quiet until another surge emerged around May, when several volume bars exceeded $3 billion. Despite the growing participation, PEPE could not sustain a price recovery, and more recent activity has been relatively quiet with only occasional peaks.

As of writing, market data shows PEPE trading at $0.055003 — a figure that differs substantially from the $0.00000489 quoted in Whale Alert Desk's chart. The supplied figures also report approximately $442.75 million in daily trading volume (see: CoinGecko, Coinglass).

PEPE recorded a 0.31% gain over 24 hours, while its seven-day performance remained negative by 0.61%, indicating modest daily strength against a weaker weekly showing. The weekly Relative Strength Index previously stood at 56.21 on the supplied chart, placing momentum above the neutral 50 threshold.

For now, the $0.000028 level remains contingent on a bounce and a successful breakout. Volume expansion and weekly price closes are the key measures to watch: stronger participation during upward movements would support the recovery scenario, while rising activity during declines could point toward renewed selling pressure.

Editorial note: The supplied current-price figure of $0.055003 conflicts with the chart's $0.00000489. Both figures have been retained as provided; the current-price figure should be verified before publication.