In light of the rising momentum of PEPE over the past weeks, the discussion about the possibility of a real rebound in the price of this meme coin returns today, May 5, 2025. Are we facing a new upward wave? Or is this just a minor correction before the continuation of the downward trend? Let's dive into the details with a realistic and exciting analysis.
Current price and recent movements
Current price: 0.00000823 dollars
Market capitalization: 3.46 billion dollars
Trading volume over 24 hours: 354 million dollars
Ranking among cryptocurrencies: 28
PEPE has witnessed a noticeable decline over the past week, but it now shows interesting signs of stability. It is clear that speculators have started accumulating again at the current support levels.
Realistic technical analysis: Has the rebound started?
A bullish engulfing pattern has clearly appeared on the weekly chart, which is one of the strongest bullish reversal patterns.
The Relative Strength Index (RSI) is touching the 30 area, indicating that the coin has reached a 'oversold' condition, which is often followed by an upward rebound.
The strong support level at 0.00000800 has held for more than 3 trading sessions, reinforcing the rebound hypothesis.
The data shows a sideways movement that could serve as accumulation before the price takes off again. But will we actually witness this price explosion?
Price predictions for today and the coming days
According to CoinCodex, the forecasts indicate a potential rise of 20% today, bringing the price to 0.00001062 dollars. Meanwhile, Changelly predicts that the price may range this month between 0.00000811 and 0.0000257 dollars, which is a wide range but reflects a state of anticipation.
What could support this rebound?
1. The rise in Bitcoin and Ethereum prices this week has restored optimism in the market.
2. The buzz on social media around PEPE has begun to return, which is a very important factor in moving meme coins.
3. The entry of new investors at these low levels could be the catalyst for a sudden buying wave.
Is it time to buy? Or just a trap for speculators?
Although the technical signals are encouraging, the market is not without risks. This rebound could be just a 'bull trap' to lure buyers before dropping again. Therefore, random entry is not recommended; rather, risk management should be carefully executed, and stop-loss orders should be placed.
Summary
The PEPE coin stands today at a crossroads. There are clear signals of a real rebound, but it still needs confirmation from the market with higher trading volume and a break of the resistance level at 0.00000890. If you are a fan of calculated risk, this might be your opportunity. However, if you are more conservative, monitoring and waiting may be the best option.
Will PEPE soar again? Or will it drop to lower levels? The coming days will hold the answer.
