Despite a 4.3% correction in the daily charts, Pepe (PEPE) is dominating in the other time frames. According to CoinGecko’s Pepe data, the popular memecoin has rallied 57.2% over the last week, 59.5% in the 14-day charts, and 40.3% over the previous month. Given the larger market correction, let’s discuss if PEPE’s price will continue to rally, or is it time for investors to be cautious of memecoins.

Will Pepe’s Price Rally, Or Will It Fall Further?

The crypto market experienced a surge as we entered the new year. Crypto-based ETFs saw big inflows, and Bitcoin (BTC) briefly reclaimed the $94,000 price level. However, the market rally did not sustain, facing steep corrections today, Jan. 8, 2026. PEPE also seems to be following the market-wide correction trend.

PEPE’s recent price rally came after early investor James Wynn predicted the memecoin’s market cap to hit the $69 billion mark in 2026. Wynn became a popular figure in the PEPE community after making accurate predictions around the memecoin. Investors may have taken his recent prediction seriously, and poured substantial funds into the project.

However, investors should take caution when investing in memecoins, given the current market environment. PEPE has already experienced a 4.3% correction in the last 24 hours. Bitcoin’s (BTC) price has also dipped to the $90,000 price level. We could see further price corrections over the coming weeks.

The crypto market is still quite fragile, and volatility runs rampant. Investors continue to take a risk-off approach. PEPE and other memecoins could face further struggles over the coming weeks, given their high-risk status.

Also Read: Pepe Price Prediction For 2030, 2040, and 2050

There is chance that the crypto market will rebound after possible US legislation later this month. Investors could feel positively about cryptocurrencies if US lawmakers move towards clearer regulations. PEPE and the larger market could rally under such circumstances.