- PEPE trades at $0.00001372 (-0.2% daily, -4.2% weekly) but gained 51.4% monthly, showing strong mid-term momentum.
- $1.82B daily volume signals high interest; 420.69T supply gives $5.76B FDV, ranks #32 globally.
Pepe (PEPE) is currently priced at $0.00001372, experiencing a minor daily decline of 0.2%, while its 7-day performance shows a more notable drop of 4.2%. Despite this short-term correction, PEPE has gained 51.4% in the last 30 days and maintains a 7.8% increase over the past year, showing it still holds long-term bullish sentiment among traders.
The memecoin has a massive circulating and total supply of 420.69 trillion, with a fully diluted market cap of about $5.76 billion, ranking it #32 globally.
Trading volume is extremely high, with over $1.82 billion exchanged in the past 24 hours, reflecting strong speculative interest. However, it’s worth noting that PEPE is still trading 51.1% below its all-time high, but more than 24,755% above its all-time low.
Over the past week, PEPE has oscillated between approximately $0.00001360 and $0.00001500. This range suggests that traders are balancing short-term profit-taking against ongoing buying interest.
On shorter timeframes, PEPE recently tested support around $0.00001360—a level where prior buying activity emerged—and bounced off, indicating that some demand remains at that threshold.
The 50-day simple moving average lies near $0.00001280, underlining recent support in the low $0.00001 range. The 200-day SMA sits around $0.00000950, indicating a longer-term uptrend since PEPE has remained above that level for weeks.
Immediate resistance appears near $0.00001500. A sustained move above that barrier on rising volume would open the path toward $0.00001600, where PEPE encountered selling pressure earlier this month.
Conversely, failure to hold $0.00001360 could expose a drop toward $0.00001250, the next visible support from mid-April price action.
Based on current technical analysis from ETHNews, PEPE is trading at $0.000013796, reflecting a slight intraday decline of -1.46%. Over the past month, however, the token has surged 53.68%, suggesting strong bullish momentum despite short-term fluctuations. The price action is showing signs of consolidation, indicating that PEPE may be preparing for its next significant move.
Key chart patterns include a potential breakout from a historical resistance level with support forming along the 200-day moving average. Several traders on TradingView are forecasting bullish targets between $0.00002000 and $0.00002820, driven by strong momentum and renewed interest in meme coins.
Oscillator indicators and moving averages are currently neutral, implying the market is in a wait-and-see phase, with no strong buy or sell signal confirmed.
Taking this into account, my short-term price prediction for PEPE is a rise toward $0.00001875 within the next 7–10 days, assuming Bitcoin remains stable and market sentiment doesn’t deteriorate. If confirmed breakout patterns continue, PEPE could even test $0.00002200 by mid-June 2025.
The post Why analysts target $0.000022 for PEPE: Consolidation below 50-dma hints breakout soon appeared first on ETHNews.
