The current price of PEPE is $0.0000101. The trend in June has been weak, with a monthly decline exceeding 25%. Many are still fantasizing about 1 dollar, but this resembles more a bubble of forcibly labeling the total supply of 420 trillion as a 'market cap myth'—to rise to 1 dollar, the market cap would need to exceed the total of all global assets.
Does that mean PEPE has no chance? Not at all.
From a technical perspective:
MACD and momentum indicators continue to show a bearish bias; RSI is at 38, not yet oversold, but momentum is very weak;
The overall moving average system is trending downwards; any short-term rebound is merely a 'fake out' unless there is substantial on-chain momentum.
However, on-chain data reveals another truth:
Whales continue to accumulate, and exchange balances are declining, signaling a transfer of chips to strong hands;
A surge of $74 million in open contracts has occurred, indicating the market may be brewing a wave of explosion;
The weekly chart is forming a **'cup and handle' + 'bullish flag'** pattern; once it breaks through 0.000014 with increased volume, it could surge to 0.0000227 or even higher.
Estimated target price for PEPE in 2025:
Conservative range: 0.000006 ~ 0.000008
Sentiment is warming up: challenging 0.000024
Extreme surge: target 0.000031 - 0.000409 (requires a full market return + FOMO explosion)
Central viewpoint:
For PEPE to reach 1 dollar is a pipe dream; however, moving from 0.00001 to 0.00003 offers a 3x opportunity that is still worth accumulating. The real key is not to fantasize about market cap, but to assess whether funds are flowing back into the memecoin space.
We are currently in a stage of 'emotional freezing point' + 'chip accumulation'; this is not the time to exit, but rather an opportunity to gather chips. Don't short too aggressively, and don't dream too beautifully. Participate with realistic goals + risk management thinking to have a chance to stand out in the next wave of frenzy.
