Pepe (PEPE) has delivered strong price action recently, drawing attention from traders and meme coin enthusiasts.

With its current market cap of $3 billion, PEPE ranks third among all meme coins, trailing only Dogecoin and Shiba Inu.

Pepe (PEPE) price has been performing strongly as traders show interest in the meme coin.

At the moment, Pepe ranks third among all meme coins with a current market cap of $3 billion. It is trailing only Dogecoin and Shiba Inu despite competition from newer tokens like Popcat and Turbo.

This analysis explores the asset’s current market position, recent performance, and potential future trajectory based on technical analysis.

Pepe Price Analysis

In the past 24 hours, the trading volume of Pepe dropped 3%, which might come as a surprise given the broader market's recovery. However, the coin managed to rally 15% over the past week, showcasing a solid performance for a top-ranked meme coin.

In comparison to competitors like Bonk and Floki, which gained 8.9% over the same period, Pepe continues to show resilience. Over the last month, the coin is up 7.3%, further supporting the narrative of bullish sentiment returning to the meme coin space.

On the 12-hour chart, Pepe formed a recent low around March 11. Although the token has moved higher since then, it hasn't yet confirmed a higher low. This confirmation could come if Pepe manages to break above the resistance at $0.00000924, which would signal a bullish trend reversal.

Another major resistance level is the 200 EMA, which is currently acting as a ceiling for Pepe's upward moves. Reclaiming this zone could shift the trend in favor of the bulls.

The 7, 21, and 55 SMAs are tightly clustered, demonstrating consolidation. Pepe has managed to reclaim these averages but remains below the 200 EMA. A breakout above the 0.236 Fibonacci retracement could act as a launchpad for further upside. However, if Pepe faces rejection again at this level, it may trigger a short-term pullback of around 5.5%.

On the daily chart, Pepe has just managed to break above a long-standing descending trendline, which aligns with the 200-day moving average. This breakout could suggest a possible trend reversal and a move toward testing higher resistance zones.

Maintaining a position above this trendline could add to bullish pressure, especially if Pepe manages to confirm a higher low and clear the Fibonacci level.

Pepe Price Prediction

If the token manages to clear the resistance at $0.00000924 and climbs above the 200 EMA, it could set its sights on a $5 billion market cap. However, if it fails to hold support at the Fibonacci level and drops below it, a retest of previous lows could drag the asset back toward the $2 billion range.

As the meme coin market continues to heat up and brings plenty of volatility, Pepe could be preparing for its next major breakout. Investors will be keenly watching these critical technical levels to determine the coin's next direction in 2025.

Next Big Meme Coin - Solaxy (SOLX)

Solaxy is making waves as the crypto market recovers. The project’s presale has raised over $30.4 million, with $SOLX tokens going for $0.1696.

Buyers can get tokens using ETH, USDT, or BNB, or pay by bank card via Simplex on the official Solaxy website. The Best Wallet app—available on iOS and Android—also supports buying with Visa, Mastercard, Apple Pay, and Google Pay.

Many investors are joining not just for the token but also for the platform’s staking program, offering an impressive 133% APY.

Solaxy works alongside Solana to make the network run smoother. Solana is already fast, but traffic slows it down when too many users join. Solaxy acts like a support lane.

Solaxy also provides developers with a powerful set of tools to build new dApps, DeFi platforms, and NFT marketplaces easily and flexibly. The goal is to make Solana more useful, efficient, and enjoyable for everyone.

Another standout is Solaxy’s cross-chain support, connecting Solana and Ethereum, letting users move assets between them without slow or complex swaps. Many now see Solaxy as Solana’s version of Ethereum’s Layer-2 projects, and the technology supports that view.

The team continues to enhance Solaxy. The Solaxy Block Explorer will launch on April 19. Tests show the network can handle 140KB/s on the Solana mainnet, which helps store data faster and improves the user experience.

They have also optimized the CLI for smoother use. The team aims to increase speed to 10,000 transactions per second. On the bridging side, the SDK now has proper CORS setup. Developers are addressing bugs where the rollup doesn’t fully match how Solana Layer 1 typically works.

With a token launch and exchange