PEPE Coin Price Prediction: Just Hype or a Strong Signal of a New Trend?

PEPE Coin has once again captured the attention of the crypto market after making headlines for its price surge at the end of 2024. The key question now is whether its recent movements represent nothing more than short-lived hype—or mark the beginning of a more sustained upward trend.

Current Market Conditions: Correction Pressure and Growing Greed Sentiment

After reaching an all-time high of around US$0.000028 in December 2024, PEPE Coin experienced a sharp correction of more than 65%, and is now stabilizing within the US$0.0000099 to US$0.000011 range. Data from StealthEX and Binance show that its current price remains significantly below its peak.

Despite this, market sentiment remains highly optimistic. According to the Fear & Greed Index, the broader crypto market is currently in the “Greed” zone, reflecting strong buying interest. On the on-chain side, more than 460 new wallets holding PEPE are being created daily, indicating growing community interest in the token.

Technical Analysis: Breakout Potential and Key Levels

Several technical analysts have identified a falling wedge pattern, which recently broke out in the US$0.000011 to US$0.0000118 range. If this trend continues, PEPE’s price could potentially surge 40–60%, targeting the US$0.000022 to US$0.000023 level.

The nearest resistance zone is between US$0.0000108 and US$0.000011. If PEPE can break through and sustain above this level, further upside towards US$0.0000135 to US$0.0000169 becomes possible. Conversely, if bullish momentum fades, strong support lies around US$0.000010, with additional support between US$0.0000085 and US$0.000009.

Fundamentals: Driven by Hype, Lacking Strong Utility

As a memecoin, PEPE heavily relies on social sentiment and viral attention on social media rather than solid technical utility. This makes its price highly vulnerable to sharp declines when market interest wanes. Support from its community and influential figures—such as Elon Musk, who actively posts on X (formerly Twitter)—along with media exposure, help maintain PEPE’s visibility in the crypto spac However, PEPE remains highly volatile. Several technical indicators reveal that some large holders (whales) have begun to take profits, signaling the early stages of a distribution phase following the recent rally from support levels.