#MarketPullback
In light of the increasing momentum of the PEPE coin over the past few 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 downward trend continues? Let's dive into the details with a realistic and exciting analysis.
Current price and recent movements
Current price: $0.00000823
Market cap: $3.46 billion
24-hour trading volume: $354 million
Ranking among cryptocurrencies: 28
PEPE has seen a noticeable decline over the past week, but it is now showing 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?
The 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 state of "overselling," which is often followed by a bullish rebound.
The strong support level at $0.00000800 has held for more than 3 trading sessions, reinforcing the rebound hypothesis.
Data shows sideways movement that may serve as accumulation before the price begins to rise again. But will we actually witness this price explosion?
