The PEPE token has shown recent market fluctuations, making it a point of interest for investors. As the market recovers from its previous bearish trend, the price of PEPE may experience substantial growth, with a potential of reaching up to 15X from its current value.
PEPE shows potential for a reversal
Analysis of several indicators in TradingView suggests that its price action is bullish and bearish at the same time. The Relative Strength Index (RSI) stands at 34.34, which indicates that it may be slightly oversold. It is also a sign that a price reversal or consolidation could occur towards the lower part of the chart, indicating that the market may be approaching the support level.
Usually, for the RSI to suggest that the asset is oversold, the RSI reading drops below the 30 mark. Based on the RSI, this means a bounce may be due to the fact that PEPE is likely to be oversold. On the other hand, the Moving Average Convergence Divergence (MACD) shows bearish momentum.
The MACD line is at 7.52M, while the signal line sits at -470.41M, indicating continued downward pressure. The negative histogram further emphasizes this bearish sentiment. Despite these signals, the overall trend in the market remains in a recovery phase.
Current market performance
As of March 12, 2025, PEPE’s price stands at $0.06458, reflecting an 8.16% increase in the last 24 hours. The token’s market capitalization is $2.71 billion, with a 24-hour trading volume of $935.23 million.
The volume-to-market-cap ratio is 34.44%, showing significant trading activity relative to its market size. Despite a slight decrease in volume, the price continues to rise, signaling steady investor confidence in PEPE’s recovery. The circulating supply of the token is 420.68 trillion, while the total number of holders is only 411,941.
At present, the Fully Diluted Valuation (FDV) of PEPE closely corresponds to its market capitalization, which enshrines the stable base camp in the market. As the market improves then the price of PEPE can also be expected to increase, which could see the coin rise 15X from the current price.
