After a period of intense fluctuations, the price of Pepe coin has shown signs of recovery, fostering optimistic expectations among investors. In recent sessions, the meme coin has registered a significant increase of 1%, reaching the $0,000707 mark. This upward movement follows an impressive 25% rally, indicating a possible reversal in the bearish trend that has been marking its recent trajectory.
PEPE cryptocurrency price analysis
Resistance at the horizontal and descending trendlines has been a continuous challenge for Pepe. However, recent technical analysis suggests that if the coin manages to break through these barriers, it could see a 30-35% increase in its value. This scenario is supported by four-hour data from TradingView, provided by Worldofcharts, which shows Pepe facing resistance but with the potential to start a new bullish phase.
Recent market indicators reveal that Pepe has been holding steady with significant support at $0,0000695. If the coin’s price breaks above the current resistance of $0,000072, a new uptrend is likely to be established. Additionally, analysts point to robust support at $0,00000507, based on Fibonacci analysis, which suggests upside targets of $0,00002072 and $0,00002789.
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Receiving Many Requests For Analysis Of Pepe Coin, Here Are My Views, Testing Horizontal + Descending Trendline Resistance, Successful Breakout Can Lead 30-35% Recovery.
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— World Of Charts (@WorldOfCharts1)
March 13, 2025
On the other hand, market volatility cannot be completely ruled out, and a failed support at the Fibonacci level could lead to a test of even lower prices before any significant recovery. Pepe’s trading volume also reflects this instability, with a decrease of over 38%, reaching a total of US$593,62 million. Still, the market cap showed an increase, reaching US$2,97 billion, with a volume-to-market ratio of 20,09%.
Pepe is currently situated in a crucial support zone between $0,000006 and $0,000008. Holding this support could be decisive for the coin’s future, allowing a bounce to $0,000028 before facing previous resistances. Buy signals are increasing, as indicated by market guidance, suggesting increasing buying pressure if the coin maintains its technical reversal confirmation and manages to overcome its resistances.