PEPE, the meme cryptocurrency, has shown a sharp recovery after a significant sell-off in July. Since dropping to $0.000009866, it has increased by more than 25%, reaching $0.000012500.
Current Situation Overview
After peaking at around $0.000012500, PEPE's price has pulled back to approximately $0.000011677. Buyers are attempting to defend the support area around $0.000011200–$0.000011300. Breaking below this level could lead to further correction towards $0.000010800, while holding above it may trigger another upward push.
Volume and Open Interest Trends
Trading volume spiked during the breakout above $0.000011000 on August 8, indicating strong buyer conviction. However, volume has cooled slightly in the latest pullback, suggesting that sellers are not aggressively dominating yet. Open interest stands at 14.21T, slightly below last week's highs of 14.41T. This stability suggests that traders are holding their positions.
PEPE Price Forecast for 2025
If the broader crypto market remains bullish next year, PEPE could revisit its previous highs and possibly target new heights. In a strong meme coin cycle, a surge toward $0.000015–$0.000018 is plausible, representing a 30–50% gain from current levels. Should market sentiment weaken, expect PEPE to consolidate between $0.000008–$0.000012.
In conclusion, PEPE exhibits positive indicators in the short term, but its future remains contingent on the overall market atmosphere and traders' ability to defend key support levels.
