The post A 100% PEPE Coin Rally Could Be In the Pipeline, Here’s Why appeared on BitcoinEthereumNews.com.

What would it take for PEPE coin to achieve a 100% rally? The meme coin has been moving sideways for almost 2 weeks now, despite signs of accumulation. This performance suggests that its bears have ran out of steam but the bulls haven’t garnered enough momentum for a sizable comeback. PEPE exchanged hands at $0.000009603 at press time which means it was down by 65% from its all-time high in December. It traded at price levels last seen at the start of its November 2024 rally. PEPE managed to rally by over 200% in November. Its current price level could easily deliver a 100% uptick. A 100% gain means the meme coin would have to push to at least a $0.0000191. Interestingly, that price tag is below its next major resistance zone near the $0.000021 price level. – Advertisement – PEPE Coin Struggles to Build up Momentum As noted earlier, PEPE has been demonstrating signs of accumulation but demand has been relatively weak. As a consequence, the bulls and bears have been locked in a stalemate with no signs of a clear winner. PEPE price action/ source: TradingView Among the bullish signs include the MADC’s upward trend ahead of its signal line, accompanied by bullish volume. Even the MFI confirms that liquidity has been flowing back into the meme coin. Perhaps the biggest explanation for PEPE coin’s weak demand could be the absence of whale demand. Large holder net flows were significantly weaker in the last 2 weeks compared December and January. PEPE large holder netflows/ source: IntoTheBlock PEPE coin may finally bounce back once the bulls make a strong come back. For now, price could also be prone to an unexpected price dip in case demand fails to put a foot forward. The relatively weak whale activity reflects the…

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Filed under: News - @ February 22, 2025 2:26 am