#MarketPullback
In light of the rising momentum of the PEPE currency over the past weeks, discussions are resurfacing about the possibility of a real rebound in the price of this meme coin today, May 5, 2025. Are we facing a new wave of upward movement? Or is this just a minor correction before the downtrend continues? Let’s dive into the details with a realistic and exciting analysis.
Current price and recent movements
Current price: $0.00000823
Market capitalization: $3.46 billion
24-hour trading volume: $354 million
Ranking among cryptocurrencies: 28
PEPE has witnessed a notable decline over the past week, but it is now showing interesting stability signals. It is clear that speculators have begun to accumulate 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 currency 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.
The data shows a sideways movement that may serve as accumulation before the price launches again. But will we actually witness this price explosion?
Price predictions for today and the coming days
According to CoinCodex,
