Unleashed Upsurge: Pepe Coin Roars to Heights Unseen Since Jan, Setting Sights on More Gains
Cryptocurrency Pepe price forecast signals a possible spike to a new record high following the observed double bottom pattern.
Pepe PEPE coin soared to a peak of $0.00001390 on Friday, marking its highest spike since January. And the best part? The charts point towards a bullish trends continue for PEPE.
Riding the Ethereum Uptrend
This breathtaking surge coincided with a short-squeeze in Ethereum and a record high that hasn't been seen since March 3. It's no secret that PEPE and other Ethereum meme coins tend to perform exceptionally when Ether is buzzing.
This surge was also accompanied by an impressive rally across the crypto and stock markets, fueled by anticipation ahead of a meeting between the US and Chinese officials in Switzerland. The hope was that the world's top economies would dial down tensions and potentially reconsider tariffs, which further foamed the crypto fire.
Will Pepe's Price Soar Even Higher? A Look at Forecasts for May 2025
The PEPE price hike also caught the attention of smart money investors, who snatched up the dip when they saw it. Nansen data reveals an impressive uptick in PEPE-owning bigwigs, increasing from 12 earlier this month to 16. These big players now hold a total of 3.20 trillion PEPE, representing a significant rise from the 2.76 trillion earlier this week.
The PEPE frenzy was further escalated as daily trading volumes in decentralized and centralized exchanges surged past $4.7 billion-beating out the volumes for Dogecoin and Shiba Inu.
Additional data reveals that futures open interest swelled over $530 million, a level last seen on January 17 and far surpassing its year-to-date low of $137 million. A growing open interest is usually a good sign, as it indicates a strengthening demand for PEPE. Also, the positive funding rate in the PEPE futures market has kept many optimistic recently.
Pepe's Price Technical Analysis
The daily chart paints a promising picture for PEPE. The coin found a stable floor at around $0.000060 throughout 2024. It's worth mentioning that PEPE has failed to slip below this level at least three times, creating a triple bottom pattern with a neckline at $0.00002835, which happens to be its all-time high. A triple bottom pattern is often a bullish reversal signal.
Moreover, PEPE has produced a mini golden cross pattern, generated by the 50-day and 100-day Weighted Moving Averages crossing each other.
In essence, we can expect a short-term dip as retail investors cash in, potentially testing support at $0.0000097. Once this level is reclaimed, PEPE could rocket towards the 50% Fibonacci Retracement level at $0.000017. A breakout beyond this level could lay the groundwork for even more massive gains, with a possible retest of the all-time high at $0.00002835
How High Can Pepe's Price Skyrocket After Flipping Resistance?
Considering the current momentum of the meme coin market in 2025, the potential for PEPE's price increase is significant. Factors supporting a price rise include:
- Bullish Market Sentiment: Meme coins are seeing a resurgence in interest, and PEPE is joining the party. Gains so far indicate there's more where that came from.[1] The Fear & Greed Index, a sentiment gauge, currently hovers in the neutral zone, offering room for moves influenced by investor emotion.[3]
- Technical Indicators: PEPE's technical indicators portray a bullish structure, with the price trending upwards in an ascending channel. A break of resistance levels could potentially catapult the price even higher.[1]
- Whale Activity: Reports of whales accumulating PEPE could spark a significant rally.[4]
- Analyst Predictions: Analytical reports suggest PEPE's maximum price could reach $0.0000428 by September 2025. In the short term, we might even see a 60% rally, contingent on market conditions.[4]
However, it's important to remember that meme coins can be pretty unpredictable due to their volatility. Rallies can lead to impressive gains but may also lead to sudden drops. The meme coin space remains competitive, with players like Shiba Inu and Dogecoin vying for investor attention. PEPE's success depends on preserving its unique appeal and maintaining market traction.
Ultimately, if PEPE breaks key resistance levels while preserving solid market sentiment, we can expect substantial price increases throughout 2025. However, the volatile and competitive meme coin market means that outcomes are uncertain and contingent on various factors, including investor behavior and broader market conditions.
[1] CoinTelegraph[2] CoinPriceForecast[3] Fear & Greed Index[4] NewsBTC
- The recent surge in Pepe (PEPE) coin's price, reaching $0.00001390, is indicative of a potential bullish trend that could continue.
- The uptick in Pepe coin's price coincided with a short-squeeze in Ethereum and a record high not seen since March 3, suggesting a correlation between the two.
- The rally across the crypto and stock markets was fueled by anticipation ahead of a meeting between the US and Chinese officials, which could potentially reconsider tariffs and dial down tensions.
- Big players in the finance world have shown interest in Pepe, increasing their ownership of PEPE tokens from 12 earlier this month to 16, with a total of 3.20 trillion PEPE now held.
- Daily trading volumes in decentralized and centralized exchanges for Pepe coin surged past $4.7 billion, outperforming volumes for Dogecoin and Shiba Inu.
- Futures open interest for Pepe coin swelled over $530 million, a level last seen on January 17, indicating a strengthening demand for PEPE.
- The positive funding rate in the Pepe futures market has kept many optimistic, with potential gains of up to $0.0000428 by September 2025 according to some analyst predictions.
- The technology underlying Pepe coin, like other cryptocurrencies, is a driving force behind its potential for growth, bringing innovation to the finance and investing sectors.