PEPE Price Prediction: Will Its Uptrend Continue After A 24% Intraday Rise?
Key Insights:
- PEPE broke above the descending channel that had been bounding the price action since the November 2024 high.
- Meme coins were on the rebound, winning over altcoins in short-term momentum.
- PEPE reclaims its $4 Billion market cap zone.
Pepe (PEPE) price prediction chart showed the meme coin rose above $0.00001000, losing a 0 after about a 24% rally.
After the breakout of sustained accumulation and the strong momentum candles, volume confirmed the bullish sentiment.
If the price continued from above $0.00000940, it might shoot to $0.00001100 and higher levels.
Still, rejection at this level may force the price to revert to the $0.00000820–$0.00000760 support zone.
The clean breakout above consolidation is, therefore, an indication of buyers taking the reins away, but a fall back could be an indicator for profit making.
Bulls may stay on the move for the short term as long as volume lasts.
PEPE Price Prediction
Using PEPE/WETH pair to make PEPE price prediction, the chart showed the meme coin broke above a descending channel.
The channel had been bounding the price action since the November 2024 high, hinting at a possible momentum change.
The breakout for the daily chart from the upper trend line near 0.00009096 WETH confirmed the formation of high-low pattern since March.
This pattern was similar to the previous historical PEPE moves, where similar breakouts drove a sharp vertical rally.
PEPE might seek the 0.00013900–0.00017900 zone, which would be the area it previously occupied during its November blastoff, if it managed to hold above this breakout level.
A validated daily close above 0.00009250 might be an ideal takeoff point, especially if BTC manages to exceed the psychological $100,000 mark. That would probably plow liquidity into memecoins.
On the flip side, failing to hold above 0.00009250 could induce the price back toward the middle ground at 0.00007999 or retest powerful support at 0.00005674.
Even with bullish breakout signals, caution was recommended. The pattern needed confirmation above resistance with consistent closes.
The long-term declining trendline may nevertheless exert downward pressure if it is resisted. The next few PEPE candles will be crucial in confirming how strong this breakthrough is.
Meme Coins Outperform Other Altcoins
Meme coins were on the rebound at the time of writing, winning over altcoins in short-term momentum.
BRETT was at the front of the pack with a 40.86% increase, PENGU was second with 32.30%, and PEPE rounded off the top three with a 24.25% increase.
DOGE rose 11.09%, SHIB 9.91%, while TRUMP rose 15.53%. BONK and FLOKI increased by 17.02% and 17.24% respectively, and FARTCOIN by 17.77%.
WIF was up by 23.11%, POPCAT 14.89%, and SPX booked a good recovery too. Further, such memecoin inflows for PEPE may be a driver going further if momentum persists.
But if volatilities are high, PEPE could retrace if capital flows back to altcoins.
While the current meme surge might be a catalyst, sustainable returns would require broader market influences and a way out for Bitcoin.
PEPE Market Cap
PEPE price gains in the last 24 hours helped regain the $4.01 Billion market cap. Volume of trade increased by 91.07%, approaching $952.29 Million, indicating the recovery of interest.
The fully diluted value of the token (FDV) was $4.01 Billion upon approximation; it’s 420.68T PEPE circulating, which is the max-supply.
There is excellent liquidity, as indicated by the 24-hour volume-to-market cap ratio of 23.69%. PEPE was ranked 28 with over 427K holders.
Although this rally indicated a bullish momentum, it was contingent on sentiment and volume across the whole market scale.
Retracement may be justified by a retreat, be it in terms of demand or liquidity, although this could be a short-term hype.
