Pepe, one of the most striking projects in the Memecoin market, is on a critical price threshold. In recent days, while price fluctuations continue, analysts say that a large breaking point has been approached. If the pepe exceeds the specified resistance level, the possibility of a 40 %rise may be on the table. However, the sales and market sensitivity of major investors can make this scenario difficult.
Technical view for Pepe Positive
Pepe, along with the latest price movements, created the reverse shoulder-head-omuz (H&S) formation. Crypto Analyst Ali Martinez said that this technical structure usually gives a rise signal and the price can make upward breaks.
According to the analysis, if the pepe exceeds $ 0.0000075, we can rise to $ 0.000010. At this point, the volume should increase and investor interest should continue. Breaking the resistance may accelerate the long -term recovery of Pepe and re -attract the attention of major investors.
Whale sales price suppresses
Although the technical appearance is positive, the sales of major investors (whales) put pressure on the pepe. Seeing the $ 0.00002825 level in December 2024, Pepe has lost 76 %since then.
While this decline causes loss of confidence among Memecoin investors, new purchase waves need to be formed in order for the market to rise again. The intensive sales of whales directly affect the current price movements and makes the possibility of upward breakage. However, if market conditions are favorable, Coin may become the focus of attention again.
Market indicators and critical levels
Pepe’s technical indicators are currently showing a neutral market environment. The Relative Power Index (RSI) is at the level of 51.06, which indicates that Pepe is not in excessive purchase or sale zone.
In addition, the moving average convergence Iraqsma (MACD) indicator indicates a slight upward momentum. If the Macd exhibits a more prominent upward movement, the pepe price can exceed $ 0.0000070 and may experience a stronger rise.
However, if the RSI drops below 40 levels, the price of the Pepe may decrease to $ 0.000006 again. Therefore, investors need to carefully monitor Pepe’s movements in the coming days.
