PEPE Coin Market Reawakens as the Token Consolidates Near $0.00000714

The crypto PEPE coin has seen a flurry of renewed attention amid broader consolidation in the digital asset space.

Crypto pepe coin (PEPE) price has risen by more than 2% in the past 24 hours.

The token is showing strength as Bitcoin (BTC) hovers around the $84,000 mark.

Despite a roughly 3% decrease in 24-hour trading volume, pepe remains in the spotlight with a current market cap of $3.01 billion and a daily turnover of $558 million.

What happened: With its price currently hovering near $0.00000714 and recent gains of over 2% in the past 24 hours, investors are asking whether the viral token can reclaim its former highs—or even reach new ones—as 2025 unfolds.

The crypto pepe coin has seen a flurry of renewed attention amid broader consolidation in the digital asset space.

While Bitcoin is steadying around the $84,000 level and altcoins are beginning to catch traders’ eyes, meme coins like PEPE are also presenting interesting outlooks.

In the last week alone, PEPE has risen by nearly 3%, outperforming peers like Bonk and Floki, which gained less than 9% in the same timeframe.

After a healthy correction and bounce from Fibonacci support, pepe is now in an ascending channel aiming for higher targets.

From a technical standpoint, pepe is approaching a crucial decision point. After several weeks of sideways movement, the price is consolidating tightly between $0.000005 and $0.000009. This structure has formed what analysts call a pennant pattern—a setup that often leads to a significant move in either direction.

On the 12-hour and daily charts, pepe is testing key resistance at $0.00000924 and sits just below its 200-day exponential moving average. If bulls manage to flip this resistance into support, analysts believe the coin could target higher levels, including the 0.236 Fibonacci retracement and even the 200DMA around $0.000013.

“Pepe has reclaimed important short-term moving averages, and if it sustains momentum above the descending trendline from December 2024, it could mark the start of a bullish reversal,” noted one analyst. A key component of the current pepe price prediction stems from historical chart behavior.

According to technical analyst MasterAnanda, pepe is mirroring its 2024 setup that preceded its all-time high of $0.00002803. Back then, the coin broke out of a descending channel, made a lower low, and then surged toward new highs by December.

A similar structure now appears to be forming. The recent establishment of a higher low suggests a potential accumulation zone for long-term traders.

“This setup resembles what happened before pepe’s last parabolic rally,” MasterAnanda said, citing the emergence of two clear highs and two lows that form the basis of a bullish reversal pattern.

On-chain data supports the technical case. Over the past week, small-scale accumulation has risen, with transactions under $1 surging by over 67%. A cluster of five wallets acquired 611 billion pepe tokens—worth approximately $4.28 million—in just eight hours, adding to the excitement within the community.

However, while retail is clearly returning, whale activity has yet to fully awaken. Transactions between $10,000 and $100,000 dropped by over 23%, suggesting that larger players are adopting a more cautious approach.

One of the more compelling signals for a potential breakout is the sharp decline in volatility. Pepe’s 30-day volatility has dropped from 146% to 115%, which is historically a sign that a significant price move could be near.

“Reduced volatility often precedes major movements in crypto,” explained a trader monitoring the pepe coin price chart. “Add in strong support levels and technical breakouts, and it looks like pepe could be positioning for a larger trend shift.”

If pepe breaks above immediate resistance levels at $0.00000737 and $0.00000884, the next challenge would be to revisit its December 2024 high of $0.0000264. According to Fibonacci extension models, a 480% gain could take the token to $0.00004264, while a 796% surge might push it toward $0.0000627—levels that would mark new all-time highs.

However, downside risks remain. Should sentiment deteriorate or macroeconomic uncertainty persist, crypto pepe coin could revisit its previous support zone between $0.0000045 and $0.000