Can Pepe Coin Price Realistically Revisit $0.0000283 ATH Before 2025 Ends?

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Can Pepe Coin Price Realistically Revisit $0.0000264 ATH Before 2025 Ends

Highlights

  • Pepe Coin price rally has stalled, but technicals suggest more gains are coming.
  • The coin has formed a giant double-bottom pattern and a bullish flag.
  • Pepe price is also about to form a golden cross chart pattern.

Pepe Coin price suffered a big reversal today, May 19, as the mood in the crypto and stock market worsened following the recent Moody’s credit rating downgrade of US debt. The meme coin was down by almost 10% in the last 24 hours. Nonetheless, its technicals and popularity among traders points to a rebound, potentially to its all-time high of 0.000028381.

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Pepe Coin Price Technical Analysis Points to an Eventual Rebound

While the Pepe Coin price has pulled back, technicals point to a contrarian rebound to its all-time high. The first thing to watch is that the coin has formed a bullish flag chart pattern on the daily chart.

This pattern happens when an asset goes parabolic and then starts to consolidate as some investors take a breather. In most periods, this consolidation is usually followed by another parabolic move.

In the Pepe price case, the first part of the bullish flag pattern happened earlier this week as it rallied from a low of $0.000007534 to a high of $0.00001534 within days. After that, the coin continued to consolidate in a pattern that resembled a hoisted flag.

The other highly bullish pattern that formed was a giant double-bottom at $0.00000577. This pattern happens when an asset forms two lows and a neckline. In this case, the neckline was at $0.00002838, its all-time high. In most cases, an asset usually bounces above the double-bottom, surges to the neckline, and then continues soaring.

Further, the value of Pepe is about to form a golden cross pattern as the spread between the 200-day and 50-day Weighted Moving Averages (WMA) narrows by the day. Therefore, the most likely Pepe price forecast is bullish, with the key target being the all-time high. The disclaimer for this target is that it will take time, and the coin will have some pullbacks as this happens.

The bullish outlook will become invalid if the coin drops below the psychological point at $0.000010. A move below that level will point to more downside, potentially to the double-bottom level at $0.00000577.

Pepe Coin Price Chart
Pepe Coin Price Chart
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Bullish Catalysts for Pepe Price

Pepe Coin price has numerous bullish catalysts that may push it higher in the coming months. First, as this CoinGape article wrote, there is a likelihood that Ethereum price will eventually surge to a record high this year. Such a move would benefit the top Ethereum meme coins like Pepe and Shiba Inu.

Further, the coin maintains a positive funding rate, a sign that investors believe that the future price is higher than the current level.

Pepe Funding Rate
Pepe Funding Rate

Third, Pepe has become one of the most popular meme coins in the market. Etherscan data shows that the number of holders has jumped to over 435,000. Its daily volume of $2.4 billion exceeds that of other coins like Shiba Inu and Official Trump.

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Frequently Asked Questions (FAQs)

1. Will the Pepe Coin price jump to a record high?

Technicals suggest that the Pepe Coin price will surge to a record high this year, making it one of the top-performing meme coins.

2. Which patterns has the Pepe price formed?

Pepe has formed a giant double bottom pattern and a bullish flag on the daily chart. These patterns often lead to more gains.

3. Which catalysts will fuel the Pepe token surge?

Pepe has higher volume than other top meme coins, has a positive funding rate, and is having more holders.
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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Crispus is a seasoned Financial Analyst at CoinGape with over 12 years of experience. He focuses on Bitcoin and other altcoins, covering the intersection of news and analysis. His insights have been featured on renowned platforms such as BanklessTimes, CoinJournal, HypeIndex, SeekingAlpha, Forbes, InvestingCube, Investing.com, and MoneyTransfers.com.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.