Like other cryptocurrency projects, PEPE coin surged in July and then fell back to near the lows of June, re-entering a bearish channel, and even facing the risk of dropping below $0.00001. However, entering a new week, the market shows positive signals, and multiple indicators suggest a recovery, making PEPE likely to welcome a new round of doubling.

PEPE is currently in a consolidation phase.

The current price is approaching the key support level of $0.00001. Despite a slight rebound recently, bears may still continue to exert pressure.

Cryptocurrency analyst MasterAnanda stated that this round of correction mainly stems from the overall market adjustment, and PEPE itself is not facing major issues.

He pointed out that although the overall market is weakening, cryptocurrency assets are still performing robustly, showing strong resilience. The market has experienced multiple fluctuations this year, peaking in May and reaching a new high in July.

Although PEPE has fallen back, the trading structure remains solid, with the price firmly maintained between $0.00001 and $0.000011, without breaking this range. Notably, the June low has shifted upwards compared to before, indicating that the pullback did not create a new low.

Another bullish signal is the significant decrease in trading volume. Coinglass data shows that during the peak of the rebound in July, PEPE's daily trading volume reached $5 billion.

By early August, it had dropped to about $1.2 billion, a reduction of about 76% from its high. Lower trading volume usually indicates reduced selling pressure, with the market nearing a bottom, suggesting that PEPE may be close to its bottom, and a reversal is expected.

Analysts also mentioned that the price may experience a 'flash crash' followed by a quick rebound, which could drive upward momentum regardless of the situation.

PEPE is currently in a sideways consolidation after a decline, with the price oscillating several times within this range. Historical experience shows that after consolidation, an upward trend usually follows, and after the consolidation ends, PEPE is likely to soar again.

Famous influencer is bullish, TD indicator shows a buy signal!

Famous cryptocurrency trader Ali Martinez (with over 140,000 fans on Platform X) recently stated that the TD Sequential indicator on the PEPE daily chart has given a clear buy signal, suggesting a potential rise.

The current price is about $0.00001064, which has increased slightly by 2%, but this may just be the beginning.

Ali emphasized:
👉 If trading volume can further break through $1 billion, the upward momentum will be more solid.
👉 Because every significant surge of PEPE in the past was accompanied by a surge in trading volume.

1 dollar? Don't think too quickly, but there is still potential for short-term growth.


Although some are calling for 'PEPE to rise to $1', considering its circulation of up to 420.7 trillion, reaching this price level in a short time is almost unrealistic unless there is a large-scale destruction. However, this round of rebound is worth noting, especially against the backdrop of strong technical performance; the next wave of upward momentum may be coming soon.

Summary: PEPE's short-term technical outlook is bullish; if trading volume continues to expand, it is likely to maintain its upward trend. Remember not to chase blindly, while also paying attention to the historically reliable TD indicator, as opportunities often arise quietly during hesitation.

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