Pepe Coin Price Recovery? Analysts Say a 60% Rally Is in Play
0
0
The post Pepe Coin Price Recovery? Analysts Say a 60% Rally Is in Play appeared first on Coinpedia Fintech News
Pepe Coin, the frog-themed memecoin, was one of the best-performing cryptocurrencies in 2024. But 2025 has been a different story. After reaching a lower high in January, PEPE crashed through major support levels, losing 75% of its value. However, top crypto analysts now believe a bullish pattern is forming, suggesting that a 60% price surge could be on the way.
Analysts Spot a Key Bullish Pattern
Crypto analyst Ali Martinez recently pointed out that Pepe Coin has been forming an inverse head and shoulders pattern on the hourly chart. This pattern is known to indicate a potential trend reversal, often leading to a strong price jump.
Martinez highlighted that the key resistance level to watch is $0.0000075. If PEPE breaks above this level, it could confirm the pattern and trigger a 40% rise toward $0.0000100.
Has Pepe Coin Already Hit Bottom?
Another well-known analyst, CryptoELITES, believes Pepe Coin has already confirmed its lowest point at $0.0000069834. Since then, the price has rebounded, reinforcing bullish sentiment. According to the analyst, this could be the beginning of a much larger rally, with the potential for massive long-term gains.
World of Charts also shares this optimistic outlook. The analyst pointed out that Pepe Coin is trading in a critical zone and is forming another inverse head and shoulders pattern. If this pattern plays out as expected, PEPE could see a 50-60% increase.
Market data from Coinglass shows that trading activity around PEPE is picking up. Futures open interest has grown by 8% to $237.90 million, while derivatives trading volume has jumped nearly 16% to $627.05 million. This rise in activity suggests that more traders are expecting a price recovery.
PEPE Technical Analysis
Looking at the price chart, Pepe Coin has formed a double-bottom pattern at $0.0000069. This is often a signal of a potential trend reversal. The key resistance level to watch next is $0.0000082. If the price moves above this level, it could confirm a bullish breakout and push toward $0.0000090.
Indicators like the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) are also showing bullish signs. Additionally, PEPE has formed a falling wedge pattern, which often leads to an upward breakout.
A Critical Support Level to Watch
Despite the bullish predictions, there is still a risk of further decline. If PEPE falls below $0.0000053, it could cancel out the bullish outlook and lead to more losses.
Pepe Coin might have taken a beating, but if history has taught us anything, memecoins love a dramatic comeback. For now, we’re being kept on our toes.
0
0
Manage all your crypto, NFT and DeFi from one placeSecurely connect the portfolio you’re using to start.
1
0
