PEPE Coin continues to chart inside a downward pattern that has captured strong market interest. Resistance levels are mounting against PEPE Coin as its price continues towards a potential breakout. A successful breakout beyond key PEPE resistance zones could trigger a substantial price increase for the token up to $0.0000212.
Observations on PEPE’s current trend
PEPE Coin has been in a continuous bearish trend for several past months with a descending triangle pattern. By early March 2025, this coin started to demonstrate an uptrend, which pointed to the possibility of a breakout of this pattern.
The price recently bounced off a critical support level, indicating a possible reversal. As the price moves toward the upper boundary of the descending channel, PEPE could face resistance levels at $0.000011, $0.0000144, and $0.000017, before potentially reaching the $0.0000212 mark.
An analysis of the technical aspects of the chart suggests that PEPE is tantalizingly close to breaking out. This moving average has proved to be very dynamic, and a price cross above it can be considered bullish. However, this upward move is moderated by the descending channel predominantly because entities act loftily as partitions to prevent the upward movement of the general trend.
CoinMarketCap data and market overview
PEPE Coin reached $0.057205 while demonstrating a 1.15% market growth in 24 hours. The total market value currently exceeds $3.03 billion and has shown a 1.12% growth. Trading volume has decreased substantially by 48.85% while total trades during the last 24 hours reached $410.41 million.
The circulating supply is 420.68 trillion PEPE tokens, which matches the maximum supply. Despite the decrease in trading volume, the price increase indicates a period of recovery after recent drops. PEPE’s market activity is stable, but the reduced volume suggests slower transaction rates and possibly less market engagement. The coin’s growing holder count of 412.99K points to continued interest in the token.
