PEPE has demonstrated a bullish trend over the past 24 hours, reflecting strong market sentiment. The token peaked above $0.0000084 before settling at $0.000008320, marking a 6% increase. PEPE maintained upward momentum throughout the day despite an earlier dip.
Its market capitalization increased to $3.44 billion, reflecting the price rise and positive sentiment. However, the 24-hour trading volume fell by 22%, showing mixed market activity despite the gains.
The recent price movement highlights PEPE’s resilience amid market fluctuations. Despite a 55% decline since Nov. 2024, the token has found support near $0.00000771. This level served as a key zone where buyers stepped in, triggering the current bounce. Positive sentiment continues to drive interest, keeping PEPE among the most discussed meme coins with notable market activity.
PEPE price prediction hints at February gains ahead
Recent data from Coin Codex projects that PEPE could record notable gains this month. The forecast anticipates a potential 68.9% increase in February, with an average monthly price of $0.00001697.
The PEPE/USDT chart shows a +4.56% rise, indicating potential recovery after testing the November low. If bullish momentum holds, the price may challenge resistance levels near $0.00001000, with a potential upside toward $0.00001200.
Technical indicators support this outlook. The Relative Strength Index (RSI) shows a bullish divergence, climbing to 35.13 while the price formed a lower low. This divergence suggests weakening bearish pressure and hints at possible upward movement. The upward arrow on the RSI further supports the bullish case.
Technicals point to a potential recovery in PEPE
From a technical perspective, the Moving Average Convergence Divergence (MACD) indicates potential trend reversal signs. Although the MACD line remains below the signal line, the narrowing gap suggests a bullish crossover may occur soon. If confirmed, this crossover could strengthen upward momentum.
Support at $0.00000827 remains crucial. Holding above this level could fuel a rally toward the $0.00001 resistance zone. A break above $0.00000850 may further confirm a bullish continuation. Conversely, failing to maintain support could lead to a pullback of $0.00000750.
While discussions about PEPE reaching $0.01 persist, current data suggests that such a target remains unlikely due to the token’s large supply. Sustainable long-term growth would require significant market changes beyond speculative rallies.
