Pepe’s price increased by nearly 6% to $0.000003535 on April 6 as a spike in trading volume suggested signs of renewed accumulation.

"A 130% increase in trading volume alongside a price jump of this magnitude often points to coordinated accumulation," said a researcher at CryptoQuant, a leading on-chain analytics firm. "This could be the precursor to a larger move."

The surge in volume, recorded across major exchanges, pushed the 24-hour trading total to nearly double the daily average for the past month. This activity comes after a prolonged downtrend for the Ethereum-based memecoin, which had been underperforming relative to sector leaders like Dogecoin and Shiba Inu.

The significant buying pressure could trigger a short squeeze, where traders who have bet against the asset are forced to buy back in, further fueling the rally. The next key resistance level for Pepe sits near the $0.000004000 mark, a level it has not tested since early in the year.

This article is for informational purposes only and does not constitute investment advice.