Pepecoin Breakout, Sign of a Buy Signal?

Bittime - Pepecoin price breaks out after a sharp correction. Is this a buy signal? Check out the complete Pepe Coin price analysis and price movement predictions here!

After experiencing a deep correction, PEPE prices are now starting to show signs of recovery. Many investors are starting to wonder, is this the right time to buy? Or is it just a trap before going down deeper? Let's discuss it further.

What Happened to Pepecoin Price?

In the last month, the price of Pepecoin touched the level of $0.000021 (around Rp. 0.343) before finally experiencing a sharp decline of up to 55% and reaching its lowest point at $0.0000089 (around Rp. 0.145). 

However, in the last few days, PEPE managed to rise from this support level and rose to $0.000010 (around Rp. 0.163).

This increase sparked optimism among investors, especially as several technical and on-chain indicators began to show the potential for further increases. However, the question remains: can this rally last?

Read also: Pepe Coin (PEPE) Price Prediction 2025, 2026, 2030

On-Chain Indicators: PEPE Still Has Room to Rise?

One of the main indicators that supports the increase in PEPE prices is Daily Active Addresses (DAA) Divergence. 

In the period January 10 to February 7, the number of daily active addresses interacting with PEPE decreased along with the price, indicating a sell signal. 

However, now DAA is showing an increase in tandem with the price, which is often a buy signal.

Additionally, indicators In/Out of Money Around Price (IOMAP) shows that PEPE has a strong support level at $0.000010 (around IDR 0.163), where more than 8,000 addresses have collected around 19.53 trillion tokens. 

On the other hand, the next resistance level is at $0.000011 (around Rp. 179), which is relatively weaker than the support below it.

If bullish sentiment persists, PEPE prices have the potential to experience further increases.

Read also: Number of Wallets Holding PEPE Increases Rapidly, Will Pepe Coin Price Recover?

Pepecoin Technical Analysis

From a technical perspective, several indicators support the possibility of further price increases:

- Directional Movement Index (DMI) shows that the +DMI (green) line is starting to recover, while the -DMI (red) is declining, indicating that selling pressure is starting to weaken.

- Average Directional Index (ADX) is at 37.50, indicating a fairly strong uptrend. The higher the ADX value, the stronger the price movement momentum.

If this trend continues, the price of PEPE has the potential to increase by around 35% to the level of $0.000014 (around IDR 0.229). If buying pressure increases, the next upside target could be $0.000020 (around IDR 0.326).

However, if the price fails to break the 0.786 Fibonacci level, this bullish scenario could fail, and the price could return below $0.0000088 (around IDR 0.143).

Is Now The Right Time to Buy PEPE?

Based on technical and on-chain analysis, Pepecoin shows potential for further upside in the short term. However, investors still need to be careful, considering the high volatility of the crypto market. 

For those interested in buying, be sure to monitor key support and resistance levels and adjust your strategy to your individual risk tolerance.

FAQ

1. Will Pepecoin price continue to rise?

Based on technical and on-chain indicators, PEPE has the potential to rise up to 35%, but there is still a risk of price reversal if it fails to penetrate the resistance level.

2. What are Pepecoin's current main support and resistance levels?

The main support is at $0.000010 (around Rp. 163), while the nearest resistance is at $0.000011 (around Rp. 179). If you succeed in breaking through resistance, the next target is $0.000014 (around Rp. 229) to $0.000020 (around Rp. 326).

3. Is Pepecoin still worth investing in?

As a memecoin, PEPE has high volatility. If you are interested in investing, make sure to understand the risks and set your strategy wisely.

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Reference 

CCN, PEPE Correction Ends — Buy Signal Flashes as Price Eyes 35% Rally, accessed February 12, 2025.

coinmarketcap, Pepe Coinmarketcap, accessed February 12, 2025.

Author: Y