Pepe is showing signs of holding steady despite some dips. At the time of writing, it’s trading at $0.00001238, a modest 0.57% drop in the last 24 hours. Trading volume also slipped hard, down 47.77%, currently sitting at $968.98 million. While this may seem like a setback, it’s not the full picture.
In the week, Pepe is higher by 25.77% from $0.00001235 to the current price. Such short-term price changes are a sign investors are still listening. The token is again gaining traction, possibly on speculations as well as development in shapes seen on charts.
Pepe Forms Bullish Rounding Bottom Pattern
Crypto analyst Jonathan Carter believes Pepe is brewing a bullish setup. He sees a rounding bottom pattern forming on the 8-hour chart, a technical indicator often linked to long-term trend reversals. According to Carter, the token is consolidating right below the neckline of that pattern, usually a sign of a potential breakout.
If the breakout confirms, Carter believes Pepe could target $0.000014, $0.000015, and even $0.000016 in a swift move. That aligns with what short-term bulls hope for. But without strong volume backing the breakout, Pepe might stall at resistance levels, causing doubt among new traders.
Pepe Price Forecasts Highlight Market Uncertainty
DigitalCoinPrice sees a bright future for Pepe. They believe the token could climb to $0.0000270 by the end of 2025. That would mark a massive recovery from earlier this year, when the token dropped below $0.0000117 in January. Before reaching that high, analysts think Pepe could first hit $0.0000215 and test $0.0000282, its previous all-time high.
Changelly takes a more reserved stance. Pepe, according to their 2025 prediction, would be between $0.00000907 and $0.0000107, July’s average fluctuating around $0.0000105. This indicates some anticipate price normalization in the future but not explosive growth. The difference in prediction leaves investors in a dilemma: be safe or all in on the breakout.
