Is PEPE Bullish Again? Looking at the Current Price

2025-06-11

The world of meme coins is full of excitement and unpredictability, and PEPE has been no exception. After a period of consolidation, PEPE has shown signs of recovery, and traders are wondering: is PEPE bullish again? In this article, we’ll dive deep into PEPE’s current price movement, its technical indicators, and what factors are driving its upward momentum. Let’s see if PEPE is on its way to a price breakout.

Current Price Performance and Volatility of PEPE

PEPE, currently trading at $0.00001274, has had a relatively positive price trajectory over the last few days. Despite its typical volatility, PEPE has shown strong signs of recovery. The token has seen a 24-hour trading volume of $1.69 billion, showcasing the continued interest in this meme coin. In the past 24 hours, the coin has fluctuated between $0.00001244 and $0.00001352, indicating healthy trading activity with significant price swings.

PEPE's price movements reflect the nature of meme coins—high volatility with sharp upswings and occasional corrections. However, its ability to bounce back from key support levels shows resilience and suggests that the bullish momentum could continue in the near future.

Technical Indicators and Momentum for PEPE

Looking at the technical aspects, PEPE is displaying bullish signals across several key indicators. The most notable formation is the bullish flag pattern on the 4-hour chart, which typically indicates a continuation of upward movement after a consolidation phase. This suggests that PEPE is currently in a healthy accumulation phase before breaking out to higher levels.

The 50-day and 200-day Exponential Moving Averages (EMA) provide significant support around $0.00001151 and $0.00001118, respectively. The fact that PEPE is trading above these crucial support levels indicates that buyers are maintaining control of the price action. Moreover, the Relative Strength Index (RSI) stands at 56.63, signaling that PEPE is in a healthy condition—not overbought and with room for further gains.

If PEPE successfully breaks through the key resistance level of $0.0000137, analysts predict a potential price surge toward the $0.000025 zone, which represents an increase of about 96% from its current value.

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On-Chain Data and Investor Sentiment for PEPE

Another key aspect supporting the bullish outlook for PEPE is its on-chain data. The Mean Dollar Invested Age (MDIA), which tracks how long investors are holding their tokens, has significantly increased. It surged from 35 in November 2024 to 128 in June 2025, signaling that investors are more confident and holding onto their PEPE tokens for the long term.

Additionally, the supply of PEPE on exchanges has dropped from 45% in November 2024 to 26.6%, which is a positive indicator. When fewer tokens are available on exchanges, it suggests that investors are unwilling to sell, which often precedes a price increase.

Whale activity also supports the bullish thesis. The supply of PEPE held by the largest wallets has grown from 131 trillion to 172 trillion tokens, indicating that major players are accumulating more PEPE at current levels. This accumulation by whales suggests that they see significant value in PEPE at its current price point and anticipate higher prices in the future.

Price Projections and Technical Targets for PEPE

PEPE's price projections for the short and medium term look promising. Technical analysis indicates that if PEPE successfully breaks through resistance at $0.0000137, the next target could be around $0.000025—a price increase of nearly 96%. The double bottom formation at $0.000005860 and the falling wedge pattern suggest a price target of $0.000016 to $0.00001912 over the next 1-3 months.

In the long-term, some platforms predict that PEPE could reach $0.00284 to $0.00321 by the end of 2026, and even as high as $0.0151 to $0.0173 by 2030. While these projections should be taken with caution due to the volatile nature of meme coins, the overall trend appears to be positive, with significant upside potential in the coming years.

Conclusion

So, is PEPE bullish again? Based on current market conditions, technical indicators, and on-chain data, it certainly looks like it. The price of PEPE has shown signs of recovery, and the token is trading above key support levels, suggesting that the bullish momentum may continue. If PEPE can break through the key resistance levels, it could see a significant price surge in the short term.

However, as with all meme coins, the cryptocurrency market remains highly volatile. Investors should exercise caution and implement strict risk management strategies when trading PEPE. Keep an eye on the key support and resistance levels, as well as broader market trends, to make informed decisions about your investments.