Key Insights
- Pepe is making waves as the general memecoin market recovers.
- The memecoin is attempting to correct its previous losses on the weekly and monthly timeframes.
- Analysts expect Pepe to outperform Dogecoin in this cycle, with $0.00001850 and $0.00001910 as immediate price targets.
- The memecoin’s long-term outlook shows an incoming push towards $0.000116 by 2029.
- However, a break below $0.00001670 could spell a downward trajectory towards $0.000014412.
Pepe has emerged as one of the most talked-about memecoins on the market.
The cryptocurrency has been navigating the market’s ups and downs over the last month, with a mix of price fluctuation and choppy investor sentiment.
Over the last 24 hours, however, Pepe is finally showing some green along with the rest of the memecoin market.
Here’s a closer look at what’s been going on with this memecoin, and what might come next for everyone’s favorite frog-themed asset.
Recent Price Performance and Market Stats
According to data from CoinMarketCap, the memecoin market is healthy today.
The total market cap has risen by nearly 10% to a new high of $100 billion, with memcoins like DOGE, ai16z, PNUT and Turbo leading the charge.
However, despite the success of these big players, PEPE currently trades at around $0.0000174, with a near-2% price increase over the last 24 hours.
Despite this green, PEPE still has a lot of past bearishness to overcome, especially with the 4% decline over the last week and the 25% dump over the last month.
The cryptocurrency has struggled to regain its former glory after peaking at around $0.00002836 in December 2024.
However, its all-time low of $0.00000060 from September 2023 shows how far Pepe has come.
At the time of writing, PEPE now boasts a market cap of $7.17 billion.
Trading volumes are also healthy, sitting at around $702 million in a show of ongoing interest despite the general market’s turbulence.
Price Predictions for PEPE
Considering the performance of the general market, predicting the price of Pepe may be challenging.
This is due to its reliance on market sentiment and speculation.
However, analysts expect that Pepe might have a fair chance of overtaking Dogecoin in this cycle:
Analysts like Ali also expect the cryptocurrency to rise further towards the $0.00001850 price level in the short term, and $0.00001910 as a horizon.
Still, the memecoin’s long-term outlook shows an incoming push towards $0.000116 by 2029—which would be a staggering 547% increase from current levels.
Technical Analysis—Key Support and Resistance Levels
A look at the 4-hour chart shows that PEPE is currently grappling with a major support zone near the 23.60% Fibonacci level at $0.00001670.
This shows that the bulls are currently sitting at this level, and a break below could spell a downward trajectory towards $0.000014412.
On the flipside, a breakout above the 38.20% Fibonacci level would signal buying opportunities.
Pepe could even be on its way to hitting the $0.00002120 level if the bulls can keep things up.
The RSI on the daily chart also shows a trend towards neutrality, indicating that the bulls are gaining ground and a bullish breakout could be on the way.
As with many memecoins, Pepe’s performance is closely tied to speculation, and investors must factor its volatility in when making decisions.
Key Insights
Pepe is showing signs of an incoming bullish explosion, with attractive price targets on its horizon. Here’s everything to know about this frog-themed asset!