In recent weeks, PEPE has caught renewed attention among crypto traders, especially after a notable 32% rally from its June lows. As meme coins continue to oscillate between hype cycles and corrections, many are asking: is PEPE likely to go further?
According to market analysts and technical indicators, PEPE currently sits at a crucial juncture. The token has reclaimed its 200-day EMA and shows bullish signals on both the MACD and RSI charts. Trading volumes have remained strong, with over $9 billion exchanged within a week, suggesting healthy liquidity and ongoing interest from larger players, including whales.
Short-term forecasts suggest a possible minor dip before the next leg up. Analysts from platforms like Changelly and CoinCodex project PEPE could retrace toward $0.000012 before rebounding. Key resistance levels sit around $0.000014–$0.000015, and breaking through these could pave the way for a medium-term climb toward $0.000016–$0.000017.
One important factor traders are watching is the on-chain data showing PEPE’s supply steadily decreasing from exchanges—a classic signal that long-term holders are accumulating and locking up their tokens.
However, caution remains necessary. Meme coins like PEPE are highly sensitive to broader market sentiment and sudden shifts in investor mood. While the upside potential exists, volatility is almost guaranteed.
