In the past 24 hours, Pepe (PEPE) surged by 5.7%, with trading volume rebounding sharply from recent lows, surpassing $500 million. Top traders believe that this trend is not a bad sign for PEPE's price prediction.
Cryptocurrency trader Ali Martinez, who has 146,000 followers, tweeted on the X platform on Tuesday that the TD Sequential indicator on PEPE's daily chart has flashed a buy signal. This tool is specifically used to identify price trend reversals, and this buy signal appeared when PEPE dropped to $0.00001064, resulting in about 2% gains so far.
If trading volume can reach the $1 billion level next, this bullish trend will be more credible—historically, significant price movements for PEPE have generally been accompanied by such large trading volumes. However, on the futures market side, open interest has dropped by 41% from the recent peak of $1 billion, indicating that many traders are not fully convinced that PEPE can continue to rise.
If this buy signal can hold, PEPE should at least reach $0.00001200 in the coming days, with a short-term upside potential of 11%.
Looking at the 4-hour chart, PEPE has strongly rebounded from the $0.00001000 area—this level is a critical psychological barrier, and the current buying enthusiasm seems sufficient to support it temporarily hitting the bottom. Before the U.S. trading session opens, this short-term trading volume has been increasing, although the 200-period Exponential Moving Average (EMA) is blocking its path to the first target of $0.00001200.
If it can break through these resistances, PEPE is expected to surge to $0.00001450, making the entry profits even more substantial.
However, to be honest, it is basically unrealistic for PEPE to reach $1—unless a large-scale token burn occurs. Its circulating supply is as high as 420.7 trillion tokens, and with such a large supply, pushing to $1 is simply a pipe dream. Nevertheless, the latest price movements have indeed released a rebound signal, which might push PEPE to set new recent highs.