The cryptocurrency PEPE is showing renewed strength following a recovery in early 2025. Technical signals and on-chain trends suggest a potential upward breakout.
Technical Data and Price Activity
PEPE recently completed a bullish pennant structure and is trading around the 61.8% Fibonacci retracement level. This setup is often seen before sharp price moves. The token has moved above its 50-day and 200-day moving averages, which are now tightening toward a possible golden cross.
Market and Demand from New Holders
New wallets holding PEPE under 30 days are increasing, which has often appeared before major rallies. Spikes in short-term holders were present prior to PEPE's previous 800% and 200% runs.
Price Movement Outlook
The token's 30-day Market Value to Realized Value (MVRV) ratio currently stands near 25%, indicating potential room for growth if holders do not start profit-taking aggressively. Analysts are noting that the resistance at 17,600 remains a key level to monitor; clearing this may lead to a new all-time high.
PEPE continues to demonstrate potential growth based on technical analysis and market conditions. Monitoring key levels supports expectations of a possible breakout.
