TLDR
- Pepe Price has shown a decline of 47.78% over the past month, but technical indicators indicate a potential 54% rally forward based on accumulation patterns
- Cryptocurrency currently deals in a rising channel with key resistance of $ 0.00001056, while maintaining solid support levels
- The data on the chain shows significant accumulation with 635.23 trillion Pepe traded, along with $ 30 million in Pepe purchased from exchanges last week
- Despite the overall market for the market, Pepe maintains robust foundations with over 404K holders on the chain and $ 44 million in locked liquidity
- New celebrity launches and carpets in the Meme coin sector have created headwinds, although election investors continue to support Pepe
The popular Meme Cryptocurrency Pepe has entered what seems to be an accumulation phase after experiencing a decline of 47.78% over the past month. Technical analysis and information on the chain indicate a potential upward movement, with indicators that point to increased purchasing activity in both retail and institutional investors.
New trading patterns show that Pepe forms a rising channel, a technical formation that usually precedes price estimate. Cryptocurrency currently deals with close critical support levels, with immediate resistance identified at $ 0.00001056. Breaking through this level can pave the way for further gains, which can potentially lead to a 54.22% rally.
This is a crucial level for $ Pepe. If it is over $ 0.0000092, a recovery can follow. But a break below can open the door for a movement towards $ 0.0000032. pic.twitter.com/armsvzxiuo
– ali (@ali_charts) February 16, 2025
Market data reveals significant accumulation that takes place, with approximately 635.23 trillion Pepe traded at current levels. This cross -agent coincides with a remarkable increase in exchange flows, when investors move their holdings to private wallets – often interpreted as a raised signal.
Cryptocurrency -basic factors remain strong despite market printing. Pepe currently has over 404,000 holders on the chain and has $ 44 million in locked liquidity through Ethereum smart contracts. These measurement values indicate a robust basis for potential price recycling.
Exchange Netflow data from Coinglass provides additional support for that hausse. Last week only saw $ 30 million in Pepe purchased from exchanges, which continued a trend that began in early 2025. The largest individual purchase this year reached $ 148.86 million, which highlights an increasing interest rate from major investors.
Technical analysis
Trade indicators paint a mixed but predominantly positive image. Relative Strength Index (RSI) is currently reading 47.02 with an up track, which indicates growing speed. A move over the 50 mark would provide technical confirmation of hausse -like market control.
However, some challenges remain. The open interest rate has decreased from its peak on February 14 of 0.0101% to 0.0002%, which indicates the presence of sales printing in derivative markets. This metric will need to reverse the course to support a long -term movement upwards.
Pepe’s price Movement has shown increasing correlation with Ethereum, blockchain on which it works. This relationship suggests potential benefits if Ethereum continues its own recovery path towards earlier heights.
The broader Meme coin sector has recently met, with the total market capitalization that fell 2.4% over the past 24 hours to $ 77.8 billion. Trade volume over all Meme coins remains healthy to $ 6.4 billion daily.
Technical analysis identifies multiple important resistance levels The Pepe Have to overcome under any rally. These include $ 0.00001137, $ 0.00001217 and $ 0.00001331. The ultimate goal of the current installation extends to $ 0.00001477.
Support levels have proven to be reliable, with prices to find buyers of about $ 0.0000092. Analysts Ali Martinez suggests that this level remains crucial to maintaining Hausseartat Momentum. During this there is additional support for $ 0.0000066, which coincides with the weekly 0.786 Fibonacci retracing level.
The latest market development includes an increase in celebrity-supported token launches, which has affected capital flow in the MEME coin sector. Several high -profile launches ended in significant losses for investors, which created general caution towards new projects.
Cryptocurrency trading patterns show consolidation within established intervals, which indicates the accumulation of long -term holders. This behavior often precedes price estimate when the supply in circulation decreases.
Exchange data indicates a growing institutional interest, with several large wallet addresses that increase their positions in recent prices. This accumulation pattern reflects behavior seen under previous price recycling.
