Will there be a real rebound for the price of PEPE today?
In light of the upward momentum of PEPE over the past weeks, the discussion is returning about the possibility of a real rebound in the price of this meme coin today, May 5, 2025. Are we facing a new upward wave? Or is this just a minor correction before the downtrend continues? Let's dive into the details with an exciting and realistic 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 significant drop over the past week, but it is now showing interesting signs of stabilization. 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, and it 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 'oversold', 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 a sideways movement that could act as accumulation before the price takes off again. But will we really witness this price explosion?
Price predictions for today and the coming days
According to CoinCodex, the forecast suggests a potential rise of 20% today, bringing the price to $0.00001062. Meanwhile, Changelly expects the price to range between $0.00000811 and $0.0000257 this month, 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 about PEPE is starting 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 technical signals are encouraging, the market is not without risks. This rebound may just be a 'bull trap' to lure buyers before a drop again. Therefore, random entry is not advised; risk management should be done carefully and stop-loss orders should be placed.
Summary
The PEPE coin stands at a crossroads today. There are clear signs of a real rebound, but it still needs confirmation from the market with higher trading volume and a break of the resistance level at $0.00000890. If you are a fan of calculated risks, this may be your opportunity. If you are more conservative, monitoring and waiting may be the best option.
Will PEPE soar again? Or will it drop to lower levels? The coming days will hold the answer.
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$BTC
BTC
93,792.83
-1.94%
$PEPE
PEPE
$0.00000793
-3.52%
