The PEPE cryptocurrency, based on popular meme culture, is starting to show signs of potential recovery amid recent declines. Analysts note growing interest from large investors and positive technical signals.
Technical Indicators Suggest a Possible Reversal
Recently, PEPE dropped to $0.0000066, reflecting a 16% daily decline, but has since shown signs of recovery. The price briefly rebounded from a low of $0.0000053 and is now trading near $0.0000071. Analysts have identified a 'falling wedge' pattern, which is often associated with trend reversals. The RSI has exited its highly oversold position, indicating that market momentum may be starting to shift.
Whale Accumulation Points to Growing Confidence
Despite a recent sell-off by a long-term holder, large investors have been increasing their PEPE holdings. According to IntoTheBlock, whale balances rose by 22 trillion tokens in Q1 2025. Wallets holding between 100 billion and 10 trillion tokens contributed significantly to this increase, indicating continued interest from major players.
Prospects for Further Growth of PEPE
Crypto analyst Jonathan Carter has suggested that PEPE could see a 150% rally if it breaks above key resistance levels. He pointed out a falling channel pattern and a potential move past the 50-day moving average as bullish signals. His near-term target stands at $0.0000093, while a stronger rally could push the price toward $0.000021. For PEPE to sustain its recovery, it must stay above $0.00000690 and break through resistance levels.
The analysis indicates that PEPE may be on the verge of a potential recovery, and monitoring its market movement will be key for further assessments.
