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crypto.news 2025-02-13 12:53:03

Pepe Coin price shows signs of potential rebound after a month-long downtrend

Pepe Coin price shows signs of potential rebound after a month-long downtrend

Pepe Coin is showing signs of a potential rebound, after a month-long downtrend and a week-long consolidation with intermittent spikes. Pepe Coin ( PEPE ) might be set for a recovery, as the TD Sequential indicator is showing a buy signal on its weekly chart, according to a recent X post by technical and on-chain crypto analyst Ali Martinez. $PEPE is showing signs of a potential rebound as the TD Sequential indicator flashes a buy signal on the weekly chart. pic.twitter.com/zlV9yAeFyx — Ali (@ali_charts) February 12, 2025 In addition to the TD Sequential indicator signaling buy signals, PEPE is displaying other signs of a potential rebound. Its market capitalization has risen by approximately 2% to $4.12 billion in the last 24 hours, indicating renewed investor interest. Furthermore, the 24-hour trading volume has surged by 21.67%, reaching $975.99 million, suggesting that traders are entering the market. You might also like: Memecoin rally fades but GMCI meme index still outpaces BTC and ETH Other analysts are also signaling a potential rebound for PEPE. CryptoELITES recently shared a chart highlighting that PEPE’s price is moving within an ascending channel, following a parabolic trajectory. After a recent pullback, it appears to have found support at the 0.786 Fibonacci retracement level, priced at 0.00008392 USDT. This suggests the possibility of continued upward momentum. The analyst has set a short-term target of an 8X price hike. Pepe is about to make a big move very soon! Short-term target: 8X $Pepe #Pepe #Memecoin pic.twitter.com/nlSWBtJNWJ — @CryptoELlTES (@CryptooELITES) February 11, 2025 As PEPE seems to be gearing up for a major price surge, it’s worth noting that 37% of the total supply is currently being controlled by the top 10 wallets, according to Etherscan . The largest wallet alone holds 13% of the supply. This indicates a degree of centralization, meaning a small group of holders has significant influence over the token’s market. Source: Etherscan You might also like: DOGE and SHIB fade, PEPE and AGENT A.I. could be the next power duo

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