TLDR
- Pepe has formed a reverse head and shoulder model suggesting a potential 40% increase
- Coin has already rebounded 35% compared to annual stockings, currently negotiating at 0.000007181
- Analysts like Ali Martinez and cryptocurrencies predict significant gains with targets up to 40x
- Centralized exchange exits increased by 1.21%, indicating that investors move to self-care
- Technical indicators show bullish models, in particular the formation of two basins and the corner model that falls
The part of memes on the theme of the PEPE frogs has shown signs of a potential upward break according to several technical models and analyst predictions. After having experienced a monthly drop of 30%, Pepe rebounded with a gain of 22% in last week, currently negotiating at $ 0.000007181.
Several eminent crypto analysts have recently highlighted bullish training in pepe price graphics. Ali Martinez has identified an opposite head and shoulder model on the time table that has been developing since early March. This motif has the resistance to the neckline at $ 0.00,00075.
Pepe briefly broken above this level of resistance during recent negotiations, reaching an intraday summit of $ 0.00000,7582. The reverse head and shoulder model is widely recognized as a signal that suggests a potential reversal of a downward trend to an upward trend.
The cryptocurrency analyst claims that Pepe has already confirmed a low at 0.0000069834 $. The current price represents a notable recovery of this level, with the token up 6% in the last 24 hours only.
Another analyst known as World of Charts added to market optimism. They also identified the reverse head and shoulder model and predicted a possible rally of 50 to 60% after a successful break from resistance levels close to $ 0.00,0007.
$ Pepe #Pepe Breaking the crucial area, waiting for a bullish rally of 50 to 60% after a successful break. pic.twitter.com/kcwevhrux
– World of Charts (@ worldfcharts1) March 17, 2025
The daily graph shows that Pepe has formed a double -back model at $ 0.00005920. This scheme consists of two peaks below and a neckline at $ 0.00002827, which is considered one of the strongest inversion training in technical analysis.
Technical analysis
Technical indicators align with these bullish models. The relative resistance index (RSI) and the divergence of the Mobile Average Convergence (MACD) have formed a bullish divergence. This happens when the price of an asset drops while the oscillators increase.
Pepe also formed a corner pattern falling on the graphics. This configuration, defined by two lines of descending and convergent tendencies, generally suggests that the piece could undergo a bullish escape in the coming days.
Nansen’s data shows increasing exchange outings, with chips preserved on exchanges falling at 240.15 Billions, down 1.21% compared to last week. These outings are generally considered to be a positive sign because they suggest that investors are rather than selling.
Market interest in Pepe seems to increase. Coinglass data show that the crypto open interest has increased by more than 8% to 237.90 million dollars recently. In addition, the volume of derivatives increased by almost 16% to $ 627.05 million.
The initial price objective for pepe is the psychological level at $ 0.000010. Some analysts believe that a break above that could push the medal around $ 0.00001457, its lowest swing on December 20.
However, traders should note that a decrease below the hollow of the year up to date by 0.0000053 would invalidate the upward prospects. This level serves as key support that the bulls must defend to maintain positive impetus.
Renewed interest pepe comes in the midst of a general feeling of recovery on the cryptography market. This optimism is preparing before the meeting of the Federal Committee of the United States (FOMC), which often has an impact on market orientation.
PEPE’s market capitalization is currently $ 2.9 billion, reflecting its resumption of 35% compared to annual hollows. If the technical models take place as analysts predict it, this figure could increase considerably in the coming weeks.
The current price action and the technical configuration suggest that PEPE could prepare for its next step in the current cryptography market cycle. Traders and investors will closely monitor key resistance levels to confirm the break thesis.
👑 #MR_HEKA 👑
