$PEPE Pepe Coin Price Down 60% From ATH: Is PEPE Good Buy Now?
Here’s Why Pepe Coin Price Signals Potential Bullish Rally
Pepe coin price is down 60% from its all-time high of $0.00002825, recorded in December 2024. However, a potential rally could be on the horizon with the 30-day Market Value to Realized Value (MVRV) metric signaling a buying zone, according to analyst MaxPain.
When MVRV enters this zone, price rebounds have followed. Past data shows that PEPE saw a 72% rally, a 71% surge, and a 51% increase after similar signals.
Current market conditions suggest that PEPE is in an accumulation phase, with MVRV dipping into the buy zone again. If history repeats itself, the price could see a notable uptrend. If PEPE follows previous trends, another price surge may soon unfold.