PEPE Coin Price Prediction: What Fueled PEPE's Explosive Price Surge?

This article examines the daily price chart of PEPE coin against the U.S. dollar, sourced from TradingView and published on March 1, 2025

The cryptocurrency market is renowned for its relentless volatility, and PEPE coin has proven itself no stranger to dramatic price swings. Over the past seven months, from August 2024 to early March 2025, PEPE has charted a turbulent course, surging to impressive highs before plummeting back toward critical support levels.

This analysis examines the daily price chart of PEPE coin against the U.S. dollar, sourced from TradingView and published on March 1, 2025. Using the Heikin Ashi candlestick style, support and resistance levels, and the Relative Strength Index (RSI), we'll explore what the data reveals about PEPE's past performance and whether it holds the potential for a recovery in the near future.

PEPE Coin Price Prediction: What Fueled PEPE’s Explosive Price Surge?

In October 2024, PEPE coin embarked on a striking upward trajectory that caught the attention of traders and investors alike. The Heikin Ashi candlesticks, which smooth out price noise to emphasize trends, painted a vivid picture of this ascent with a succession of green candles, each signaling bullish momentum. Starting from modest levels, the price soared toward a peak near 0.00001500 by late 2024—a level marked by an orange horizontal line on the chart, indicating a formidable resistance zone.

This surge likely stemmed from a confluence of factors: heightened market sentiment, perhaps driven by speculative fervor in the meme coin space, positive news catalysts, or technical breakouts sparking buying interest. The resistance at 0.00001500 acted as both a target and a ceiling, suggesting it may have represented a psychological barrier where selling pressure began to mount as traders locked in gains from the rally.

Why Did PEPE’s Price Collapse So Abruptly?

The euphoria of PEPE's peak was short-lived. Following its high near 0.00001500, the price entered a steep decline, tumbling to approximately 0.00000796 by March 1, 2025. The Heikin Ashi candlesticks flipped to red, reflecting a decisive shift to bearish territory as selling dominated the market.

This sharp drop could be attributed to several dynamics at play. Profit-taking likely played a significant role, as early investors cashed out after the substantial run-up. Broader market corrections, common in the volatile crypto ecosystem, may have also dragged PEPE down alongside other assets.

Additionally, shifts in investor sentiment—perhaps triggered by fading hype or external economic pressures—could have eroded the buying support that fueled the surge. By March 1, the price hovered just above a key support level at 0.00000792, raising the question of whether this line would hold or give way to further declines.

Technical Analysis: What Insights Do the Indicators Provide?

Diving into the technical details of the chart offers a clearer lens on PEPE's current state. The Heikin Ashi candlesticks underscore the trend's evolution, transitioning from a sustained bullish phase to a pronounced bearish one.

Key support and resistance levels—marked at 0.00000792 (orange), 0.00000500 (green), and 0.00001500 (orange)—frame the price action. As of March 1, 2025, PEPE's price of 0.00000796 sits precariously close to the 0.00000792 support, hinting at a consolidation phase where the market is testing this floor. A breach below could see the price slide toward the next support at 0.00000500, while a bounce might signal renewed bullish interest.

The Relative Strength Index (RSI), plotted beneath the price chart, adds another layer of insight. During PEPE's peak in late 2024, the RSI spiked, likely crossing above the 70 threshold into overbought territory—a classic warning of unsustainable momentum.

As the price fell, the RSI followed suit, declining sharply before stabilizing in recent weeks. This stabilization, possibly near or below the neutral 50 line, suggests that the downward momentum may be waning. While not yet in oversold territory (below 30), the RSI's pause could foreshadow a potential shift—either a continuation of the downtrend if selling resumes or a reversal if buyers step in.

Volume Analysis: How Does Trading Activity Mirror Market Sentiment?

Trading volume, scaled from 0.00 to 80.00 on the chart, serves as a barometer of investor engagement. During the October 2024 surge, elevated volumes likely accompanied the green Heikin Ashi candlesticks, reflecting robust buying activity