Pepe (PEPE) recently shocked investors with a massive 157% rally, bouncing back sharply from last week’s market downturn. This dramatic move has reignited bullish sentiment, with analysts pointing to key price levels that could determine its next major move.
A Dramatic Rebound and the Path Ahead
The impressive 157% surge from its recent low has shifted the short-term momentum for PEPE. This rally occurred as buyers stepped in during a dip, creating a surge in trading volume that approached $1 billion in a 24-hour period. This kind of volume indicates significant renewed interest in the meme coin.
For this recovery to turn into a sustained uptrend, analysts highlight $0.00000800 as the most critical immediate level to reclaim. Regaining this price point would invalidate the recent bearish breakdown and signal that the bulls are firmly back in control. The next significant resistance level to watch is $0.00001200; a break above this could confirm a major bullish shift.
A Dramatic Rebound and the Path Ahead
If PEPE manages to hold its ground and break through the resistance levels mentioned, some analysts have outlined ambitious yet optimistic targets. According to one analysis, should the bullish scenario play out, PEPE could potentially aim for new all-time highs. The ultimate target in this prediction is set at $0.00003047, which would represent a remarkable 230% increase from its value at the time of the analysis.
It’s worth noting that the market sentiment around PEPE is currently mixed. While the recent price action is encouraging, some technical indicators still reflect a degree of bearish pressure in the short term.
