Highlights
- The current support level at $0.00001000 shows increased buying activity.
- Analysts project PEPE coin could reach $0.00007000, a sevenfold increase.
- Four major resistance zones were identified as threats for significant PEPE price increases to manifest.
In the last quarter of 2024, the PEPE coin price showed promising movements, starting from the $0.00001000 mark.
The price began to gain momentum, coinciding with Donald Trump’s victory over Kamala Harris. Notably, Trump’s victory acted as a potential catalyst for the surge.
With that trigger point, the top crypto soared from $70K to over $100K, and PEPE crypto followed suit, climbing from $0.00001000 to $0.00002847.
However, as 2025 commenced, the market saw notable price fluctuations, with leading cryptocurrencies experiencing sharper declines.
This downward trend also impacted the PEPE coin, causing it to retreat back to the $0.00001000 support zone. This is the exact same level from which it had previously rallied in Q4 2024.
Currently, this support level is critical, as there has been a noticeable uptick in buying activity. This suggests that this price block could serve as a launch pad for the PEPE price to rise once again.
Keep reading to know more.
If PEPE Coin Price Rises, Can it Clear Hurdles in the Way?
As the fact is not hidden that the PEPE coin has been experiencing a lull in momentum. At a time like this it shows a stark contrast to the wild price swings typically associated with meme coins that can create instant millionaires.
Even on digging deeper into on-chain, the recent metrics reveal a decline in active addresses, transaction volume, and the number of transactions, while the total number of addresses is on the rise.
This gives a bold assumption that long-term holders remain committed to the PEPE coin, while short-term traders are moving away from the meme coin.
Given the current state of the PEPE price, many investors are left wondering from which price points the significant influx will join and what price levels need to be breached to see a parabolic jump.
To that curiosity, the answers are found to some extent through on-chain digging. According to on-chain data, the PEPE coin must navigate four major resistance zones to see a substantial price increase.
The metric Global In/Out of Money (GIOM) data indicates that the first key resistance lies between $0.000011 and $0.000013, where 41,240 addresses have accumulated over 34.32 trillion PEPE tokens.
Similarly, the second significant supply zone is between $0.000013 and $0.000016, where 29,330 addresses accumulated 28.74 trillion tokens. Likewise, the third resistance zone is found between $0.000016 and $0.000019, where 35,040 addresses acquired 98.51 trillion PEPE coins.
Finally, the last resistance exists between $0.000019 and $0.000021, where 51,270 addresses bought over 77.05 trillion PEPE coins. Notably, these zone poses a threat to parabolic move to manifest.
Interestingly, the volume of tokens “out of the money” in these regions surpasses those “in the money” between $0.000003 and $0.000009.
In particular, the volume between $0.000006 and $0.000009 still holds significant weight, with 28.02 trillion PEPE coins and 47,660 addresses.
Also, a major support level can be identified between $0.000001 and $0.000003, where the volume is 54.78 trillion PEPE coins held by 66,440 addresses.
Additionally, on the daily price chart, these on-chain hurdles align with high volume profile levels near $0.000014 and $0.000020, precisely where the on-chain data highlights critical resistance zones.
Analysts Sentiments Highlights Ambitious Targets for PEPE Coin Price?
A recent chart shared by ChandlerCharts on X has sparked excitement among PEPE coin enthusiasts.
His post showcases a potential price projection that could send the coin soaring. According to the analyst, PEPE crypto could surpass its all-time high and reach an impressive $0.00007000, representing a 7x increase from its current price.
In the chart, ChandlerCharts highlighted a blue box that illustrates the anticipated momentum during this potential rally, indicating a higher-high structure.
This bullish outlook is supported by the RSI, which is on the verge of breaking out above its descending trendline, per the analyst-used metric.
Interestingly, the analyst notes that this pattern resembles the conditions seen in April of last year also. This suggests a similar upward trajectory could be on the horizon for PEPE price.
Disclaimer
In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.