PEPE has encountered volatility, with price fluctuations setting the stage for its potential move in 2025. PEPE has stabilized around $0.00008941, a key level to monitor in the coming months.
The PEPE price chart shows a consolidation period after a significant 12x increase in 2024. Following an increasing trend in late 2024, the token’s price corrected and returned to its current range.
As of the press time, the price of PEPE was trading at $0.0000176, reflecting a 2.91% decline in the past 24 hours after a brief spike earlier. Despite this short-term dip, PEPE’s market activity remains strong. It has a market cap of $7.4 billion and a trading volume of $1.68 billion, indicating continued investor interest.
Key support levels and Fibonacci retracement
The area around $0.00008941 is marked as a critical support zone, with the 25% Fibonacci retracement level identified as a significant indicator. If PEPE can maintain this level, a potential upward move toward its long-term target of $0.0000666 could unfold.
The pride of the above-mentioned range as a critical area of fluctuation in Bitcoin price is also backed by trader’s awareness of the 38.2% Fibonacci level at $0.00008928.
RSI and MACD indicators: Short-term bearish outlook
The Relative Strength Index (RSI) currently stands at 29.71, signaling near-oversold conditions. While this suggests potential price reversal or consolidation, the RSI is still within the neutral-to-bearish zone.
A drop below the 30 threshold could intensify selling pressure, sending the price toward lower support levels. Therefore, it is critical to monitor the RSI for signs of further downside or a potential recovery.
The MACD, as does the Moving Average Convergence Divergence, conforms to bearish momentum. The indicator shows a bearish market signal since the MACD line is at -0.000013 while the signal line is at -0.00000065. The MACD histogram has also joined the red zone, which suggests that selling pressure is still active. When the MACD line crosses the signal line, we are alerted of a change of direction, but the current trend is bearish.
