The price of PEPE (PEPE) is continuing to soar, currently sitting above the $0.0000010 level.

However, other major meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) are pulling back from their recent peaks, leading some to question how long PEPE’s rise can last.

This article will take a closer look at the fortunes of these three coins before highlighting two lesser-known projects that are also seeing growing interest from investors.

PEPE Price Breaches $0.000001 as Meme Coin Stalwart Extends Rally

PEPE has experienced a strong rally over the past week, rising from $0.00000061 to today’s high.

This upside move comes as PEPE broke out above key resistance at $0.0000090, which had a capped price during the first week of August.

PEPE’s breakout has been driven by a spike in trading volume as hype returns to the world’s third-largest meme coin.

The token now trades above its 20-day and 50-day Exponential Moving Average (EMA), underscoring the strength of its uptrend.

Additionally, the technical picture remains bullish for PEPE as long as the price holds above the $0.0000090 level, which could turn into support in the near term.

Further gains could be seen as momentum remains strong, with the Relative Strength Index (RSI) sitting at a value of 71.

Dogecoin & Shiba Inu Pull Back as Investors Rotate to Newer Coins

While PEPE continues powering higher, other major meme coins like DOGE and SHIB have begun to struggle.

DOGE is down over 6% from yesterday’s high of $0.070, falling back below the 200-day EMA on the daily time frame.

SHIB has also experienced a pullback, dropping over 4% in the past 24 hours.

The cooling off in Dogecoin and Shiba Inu highlights how the sentiment towards speculative assets like meme coins can shift in an instant.

For now, PEPE is the one bucking the profit-taking trend and remaining the go-to for meme coin enthusiasts.

Time will tell whether the token’s rally will continue, but for now, investor interest remains elevated.

Which Other Meme Coins Look Primed to Pump?

While major meme coins have differing fortunes, speculative investors are searching for the next explosive rally among meme-themed projects.

Two under-the-radar coins that could see a pump in interest are Meme Kombat and Sponge, both of which are attracting attention from