TLDR

PEPE price currently trading at around $0.00000714, with recent gains of 2.37% in 24 hours
Technical analysis suggests potential for massive upside of 480-796% by end of 2025
Retail traders accumulating while whale activity remains subdued
Recent purchase of 611 billion tokens worth $4.28 million by five wallets in eight hours
PEPE’s volatility has decreased, which often precedes significant price movements

The meme coin market is showing signs of renewed activity, with PEPE coin drawing particular attention among traders and analysts. Currently trading at $0.00000714, PEPE has gained 2.37% in the past 24 hours and 2.97% over the past week, signaling what some believe could be the beginning of a major price movement.

Pepe
PEPE Price

PEPE has been relatively quiet in recent weeks, moving through a series of selloffs amid broader market volatility.

However, technical analysis from crypto analyst MasterAnanda suggests that the current chart structure could be setting up for a massive upward move.

The analysis points to a short-term higher low forming around support levels, which could serve as a launchpad for a major breakout.

Historical Patterns Suggest Major Upside

The bullish outlook is based on a repeat of a price formation that occurred in 2024 before PEPE reached its current all-time high of $0.00002803. According to charts shared on the TradingView platform, PEPE traded in a descending channel between May and September 2024 before breaking out.

After that breakout, the coin experienced a brief uptrend followed by another downside that created a lower low. This was eventually followed by an extended rally peaking in December 2024.

This same structure appears to be forming again on the daily timeframe. April marked the period where PEPE bottomed within a descending channel, and since then, two distinct highs and two clear lows have shaped what looks like a reversal structure.

The formation of a new higher low is particularly important, as it could precede a bullish wave based on previous price action.

On-Chain Activity Shows Retail Accumulation

On-chain data reveals that retail traders are slowly returning to PEPE. Over the past week, active addresses increased by 0.47%, showing modest but positive engagement. There has also been a 67.4% spike in transactions under $1, indicating small traders are accumulating the token.

Five wallets recently purchased 611 billion PEPE tokens worth around $4.28 million within just eight hours. This concentrated buying has generated excitement across the crypto community.

Larger investors, however, appear to be waiting on the sidelines. Transactions in the $10,000 to $100,000 range dropped by over 23%, suggesting whales are not yet fully engaged in the current movement.

Technical Indicators and Price Targets

PEPE’s volatility has decreased substantially, with its 30-day volatility dropping from 146.37% to 115.24%. Market observers note that such periods of reduced volatility often precede significant price movements in either direction.

The coin has broken out of a descending channel and reclaimed the $0.00000700 mark. The 9-day and 21-day moving averages are close to crossing, which could signal a positive trend change in the coming days.

Fibonacci extension levels highlighted in the technical analysis suggest ambitious price targets. The 1.618 Fibonacci level points to a possible 480% move, while the 2.618 extension indicates a potential 796% upside.

If this prediction structure holds, the next rally could push PEPE beyond $0.0004264, far surpassing all previous highs and establishing a new all-time high in 2025.

Key Support and Resistance Levels

PEPE faces immediate resistance at $0.00000737. If cleared, the next target could be around $0.00000884. The key support lies at $0.00000698, and as long as PEPE remains above this level, the bullish case remains intact.

In the derivatives market, there’s a dense short liquidation zone between $0.0000074 and $0.0000076. If bulls manage to push the price into this zone, it could trigger forced buybacks and potentially ignite a strong rally.

However, for this scenario to play out, spot buying pressure must remain strong, and ideally, larger investors would need to step in.

Market Context and Broader Trends

PEPE’s movements are occurring against the backdrop of Bitcoin consolidating around $84,000. Historically, when Bitcoin stabilizes after strong performances, capital tends to rotate into altcoins and meme coins, often triggering explosive price movements.

Many in the cryptocurrency community believe that “altseason” hasn’t even started yet, and PEPE could be positioned to benefit when it does begin in earnest.

The coin currently has a market capitalization of $3.01 billion with a 24-hour trading volume of $558 million (77.81 trillion PEPE). The circulating supply stands at 420.68 trillion PEPE.

While the short-term could see some volatility or even a final shakeout, spot investors looking at longer timeframes may view current levels as an accumulation opportunity before momentum builds toward new cycle highs.

For now, the market appears cautiously optimistic about PEPE’s prospects, with technical indicators, on-chain metrics, and historical patterns all suggesting potential for upward movement in the coming months.

The coming days will be crucial in determining whether PEPE can push above key resistance levels with sufficient volume to confirm the bullish outlook many traders are anticipating.

The post PEPE Price Prediction & Analysis: Is the Frog Ready to Leap 800% This Year? appeared first on CoinCentral.

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Filed under: News - @ April 17, 2025 8:26 am