- Pepe Coin, down 60% from its all-time high, may rally soon as key buy-zone metrics reappear.
- Exchange supply is dropping while accumulation by large non-exchange wallets increases, suggesting reduced sell pressure.
- PEPE needs to reclaim resistance above $0.00000150 to build momentum or risk further declines if demand weakens.
Pepe Coin, one of the top meme cryptocurrencies, has been taking a hit, sliding down by 20% last week. It’s now trading around $0.000012, leaving many investors scratching their heads. The broader crypto market remains shaky, with bearish vibes still running the show. Since reaching its all-time high, PEPE has been in a steady decline, fueling debates about whether this slump might actually be a setup for a rebound.
Could Pepe Coin Be Ready for a Comeback?
Pepe Coin is currently down a jaw-dropping 60% from its peak of $0.00002825 in December 2024. But there might be a twist on the horizon. Analyst MaxPain points to a key metric—the 30-day Market Value to Realized Value (MVRV)—which has dipped into a classic “buy zone.” Historically, when PEPE hits this zone, price spikes tend to follow.
And we’re not talking small moves here. Past rebounds saw the token rocket 72%, 71%, and 51% after similar MVRV signals flashed. This pattern suggests PEPE may be gearing up for another rally if history decides to repeat itself.
Accumulation Phase: A Good Sign for PEPE Bulls?
Data shows PEPE’s token supply on exchanges is shrinking, while top non-exchange wallets are stocking up—classic accumulation behavior. According to Santiment, this trend reduces potential sell pressure, which could pave the way for a price surge. In other words, big holders are hoarding PEPE, signaling confidence in the token’s long-term prospects.
Technical Levels to Watch
On the charts, PEPE has faced some intense downward pressure but has now returned to a key demand zone. Analysts highlight a daily order block and a weekly fair value gap as potential support areas. If buying pressure kicks in, these levels could prevent further declines.
For PEPE to truly regain bullish momentum, it needs to break above the $0.00000150 resistance. If that doesn’t happen, there’s a risk of further drops, especially if the current demand zone fails to hold up.
Recent Whale Moves Spark Renewed Interest
While the excitement around meme coins has cooled off, whales haven’t lost interest. In fact, wallet “0xc25” recently deposited 500 billion PEPE tokens worth $5.73 million. This move has reignited curiosity about PEPE’s next steps. After the speculative frenzy of 2024, the token seems to be settling into a consolidation phase, but renewed activity from large holders could be a catalyst for a fresh rally.
With on-chain data pointing to increased accumulation and reduced selling pressure, the stars might just be aligning for PEPE to make a comeback.
