PEPE Price Bounces 15% From Critical Level – Time to Buy?

PEPE has bounced 15% from a key support level, sparking speculation about a potential recovery.

This move follows a broader trend that has been unfolding since early December. Once a dominant meme coin , PEPE has struggled, suffering a staggering 75% decline from its peak and only now surpassing its pre-election lows.

As the bull market matures, economic concerns—Trump’s “tariff war,” NATO tensions, and recession fears—have taken center stage, leaving meme coins under pressure.

However, with the US-Canada trade conflict de-escalating this week and a potential Ukraine ceasefire agreement on the table, these pressures are beginning to ease.

Today’s 18% surge in trading volume to $1.1 billion shows that Pepe remains in the “best meme coins” conversation, but retail liquidity has thinned under heavy market FUD.

PEPE Price Analysis: Buy-the-Dip Opportunity?

The rebound evades a potential breakdown of a falling wedge that has shaped its decline.

However, Pepe’s new uptrend faces a critical test at the stubborn 20SMA resistance, which has suppressed upside attempts throughout March.

PEPE / USDT 1D chart, falling wedge pattern. Source: Binance.

While technical indicators are turning favorable, they remain constrained.

The Relative Strength Index (RSI) has rebounded from the oversold threshold at 30, a sign of seller exhaustion, but it struggles to breach neutral, keeping Pepe in bearish territory at 44.

However, the formation of a MACD golden cross, surpassing the signal line, hints that buying pressure could drive the next move.

If momentum holds, Pepe could retest the upper resistance of the pattern. A breakout from which sets an upside target of $0.000022—a 200% potential gain from current levels.

If not, a retest of the pattern’s lower support may be the next move, particularly as broader market pressures remain strong.

This New Pepe ICO Has Huge Potential in 2025

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