Pepe Coin Price Prediction for April 2: Can PEPE Recover After Dropping Below $0.0000077?

• Whale activity hints at accumulation despite ongoing PEPE price declines.  
• Net outflows dominate, reflecting continued investor caution and selling pressure.  
• RSI and MACD show neutral signals, suggesting limited momentum for a breakout.

Pepe Coin (PEPE), a meme-based cryptocurrency known for its large community following and viral internet appeal, faces uncertain price action following recent market movements. After gaining traction through viral culture and a surge in trading interest, the token has recently faced renewed selling pressure and uncertainty in price direction.

Despite a 4.40% intraday drop and ongoing outflows from exchanges, signs of accumulation by large holders and the emergence of technical patterns such as a Golden Cross suggest a potential for a future rebound if broader market conditions improve.

Price Decline Meets Rising Volume Amid Investor Uncertainty

The current price of PEPE is still $0.00000738, which is 1.96% lower than the rate a day ago. This downturn came after a slight rally which saw the token rising to around $0.0000077 before some resistance level reversed it.

Market capitalization has also dropped by 2.37%, now at $3.1 billion. Despite the bearish trend, trading volume rose by 8.79% to $735.89 million, indicating sustained market participation and investor monitoring.

The token’s supply remains largely distributed, with 420,680,000,000 tokens in circulation out of 420,690,000,000 total tokens possible. Inflation risk is also a drawback with over 419K wallet, and an extensive holder base which indicates participation during bear trends.

Whale Withdrawals Signal Possible Accumulation Trend

A recent transaction by a prominent wallet, qianbaidu.eth, added a new dimension to market sentiment. The wallet withdrew 506 billion PEPE tokens, worth about $4.4 million, from Binance. This address has a track record of realizing $7.34 million in profits from previous PEPE trades, suggesting a possible strategic accumulation move.

In addition, in March, 542 new PEPE holders entered the market. This increase in unique holders could indicate renewed accumulation interest, particularly if large wallets continue to buy during reduced-price periods.

Netflows Continue to Show Sustained Outflows

Exchange data from early June to late March reveals a persistent net outflow pattern for PEPE, suggesting ongoing selling pressure. The trend became more pronounced from late December through February, following brief inflow spikes in mid-November and early December. Those spikes, peaking near $150 million, coincided with short-lived price rallies but were followed by stronger outflows.

Currently, netflow is still negative, which means that people are still putting less money into PEPE than they are taking out, which may cause its value to fall lower.

RSI and MACD Show Mixed Technical Signals

Technical indicators highlight a state of indecision. The Relative Strength Index (RSI) sits at 47.55, below the neutral 50 level, while its 14-day moving average is at 49.38. This positioning indicates that PEPE is neither in overbought nor oversold territory.

On the other hand, the MACD line stands at 0.00000005 while the signal line at 0.00000010 with a flat histogram. This suggests that there has been no consistent direction in either direction or the movement has been rather sluggish.