PEPE has retraced to a crucial Fibonacci support zone at 0.00000507 USDT, signaling a potential shift in momentum. This level has historically served as a critical point for price reactions. Concerns are flooding on whether PEPE will hold above this zone or extend losses before a possible recovery.
Key support level in focus
According to analysis by Rose Premium signals, the PEPE weekly chart shows a strong downtrend after reaching the 0.00002600 level in December 2024. The price declined consistently, breaking key support levels and reaching 0.00000507 USDT, marked as a Fibonacci buy zone.
A price rebound would send the market toward 0.00002072 USDT as its initial major price target. A continued upward push after this level might drive PEPE to reach 0.00002789 USDT. The price of PEPE will likely fall further until support regains strength at 0.00000507 USDT before any potential reversal occurs. A price drop beneath this support threshold tends to trigger more market declines which strengthen bearish market trends.
RSI and MACD hint at PEPE breakout
Pepe (PEPE) has rebounded 6.04% to $0.000000737, testing key resistance near $0.00000100. The MACD line (0.00000013) has crossed above the signal line (-0.00000097), signaling potential bullish momentum.
RSI shows a rising trend from its current position of 44.76 which points toward a growing demand among buyers. PEPE could rise up to $0.00000150 based on current momentum yet losing its position could pull prices down to $0.00000060. Confirmation of an upcoming uptrend depends on the price exceeding resistance while the RSI recovers and the MACD crossover occurs.
PEPE’s current market trajectory
Tracking the current market movement, CoinMarketCap data indicates that Pepe is trading at a price value of $0.00007352, noting a 16.26% surge in the last 24 hours. The market cap reads at $3.09 billion showing a rise coupled with 21.17% rise in trading volume that amounts to $1.12 billion. The volume-to-market cap ratio is 35.33%, showing significant liquidity.
The total quantity of PEPE is 420.68 trillion, and the circulatory supply is similar to this amount. The holders have increased to 412,350, this shows the gradually expanding network of participants. Market capitalization is currently at $3.09 billion, hence the fully diluted valuation is at $3.09 billion.
