PEPE Coin Price Prediction: Can It Rebound from Its Recent Decline?

The cryptocurrency market is a landscape of relentless volatility, and PEPE coin has proven itself no stranger to dramatic price swings. Over the past seven months, from August 2024 to early March 2025, PEPE has charted a turbulent course, surging to impressive highs before plummeting back toward critical support levels. This article examines the daily price chart of PEPE coin against the U.S. dollar, sourced from TradingView and published on March 1, 2025, to unpack the forces behind its rise and fall. Using the Heikin Ashi candlestick style, support and resistance levels, and the Relative Strength Index (RSI), we’ll explore what the data reveals about PEPE’s past performance and whether it holds the potential for a recovery in the near future.

PEPE Coin Price Prediction: What Fueled PEPE’s Explosive Price Surge?

PEPE/USD Daily Chart- TradingView

In October 2024, PEPE coin embarked on a striking upward trajectory that caught the attention of traders and investors alike. The Heikin Ashi candlesticks, which smooth out price noise to emphasize trends, painted a vivid picture of this ascent with a succession of green candles, each signaling bullish momentum. Starting from modest levels, the price soared toward a peak near 0.00001500 by late 2024—a level marked by an orange horizontal line on the chart, indicating a formidable resistance zone.

This surge likely stemmed from a confluence of factors: heightened market sentiment, perhaps driven by speculative fervor in the meme coin space, positive news catalysts, or technical breakouts sparking buying interest. The resistance at 0.00001500 acted as both a target and a ceiling, suggesting it may have represented a psychological barrier where selling pressure began to mount as traders locked in gains from the rally.

Why Did PEPE’s Price Collapse So Abruptly?

The euphoria of PEPE’s peak was short-lived. Following its high near 0.00001500, the price entered a steep decline, tumbling to approximately 0.00000796 by March 1, 2025. The Heikin Ashi candlesticks flipped to red, reflecting a decisive shift to bearish territory as selling dominated the market.

This sharp drop could be attributed to several dynamics at play. Profit-taking likely played a significant role, as early investors cashed out after the substantial run-up. Broader market corrections, common in the volatile crypto ecosystem, may have also dragged PEPE down alongside other assets.

Additionally, shifts in investor sentiment—perhaps triggered by fading hype or external economic pressures—could have eroded the buying support that fueled the surge. By March 1, the price hovered just above a key support level at 0.00000792, raising the question of whether this line would hold or give way to further declines.

Technical Analysis: What Insights Do the Indicators Provide?

Diving into the technical details of the chart offers a clearer lens on PEPE’s current state. The Heikin Ashi candlesticks underscore the trend’s evolution, transitioning from a sustained bullish phase to a pronounced bearish one.

Key support and resistance levels—marked at 0.00000792 (orange), 0.00000500 (green), and 0.00001500 (orange)—frame the price action. As of March 1, 2025, PEPE’s price of 0.00000796 sits precariously close to the 0.00000792 support, hinting at a consolidation phase where the market is testing this floor. A breach below could see the price slide toward the next support at 0.00000500, while a bounce might signal renewed bullish interest.

The Relative Strength Index (RSI), plotted beneath the price chart, adds another layer of insight. During PEPE’s peak in late 2024, the RSI spiked, likely crossing above the 70 threshold into overbought territory—a classic warning of unsustainable momentum.

As the price fell, the RSI followed suit, declining sharply before leveling off in recent weeks. This stabilization, possibly near or below the neutral 50 line, suggests that the downward momentum may be waning. While not yet in oversold territory (below 30), the RSI’s pause could foreshadow a potential shift—either a continuation of the downtrend if selling resumes or a reversal if buyers step in.

Volume Analysis: How Does Trading Activity Mirror Market Sentiment?

Trading volume, scaled from 0.00 to 80.00 on the chart, serves as a barometer of investor engagement. During the October 2024 surge, elevated volumes likely accompanied the green candlesticks, reflecting robust buying activity and widespread interest in PEPE’s ascent.

Conversely, the subsequent decline may have coincided with a drop-off in volume, a sign that buying support evaporated as sellers took control. The recent price stabilization around 0.00000796 offers a mixed signal: low volume could indicate a lack of conviction in either direction, while a gradual uptick might hint at accumulation by opportunistic traders betting on a rebound. Without precise volume units, the chart still suggests that shifts in activity will be critical in determining whether PEPE’s next move is up or down.

Does PEPE Have the Strength to Recover?

Peering into PEPE’s future requires balancing the chart’s technical signals with the unpredictable nature of cryptocurrency markets. The current price of 0.00000796, resting just above the 0.00000792 support, positions PEPE at a pivotal juncture.

A sustained hold above this level, coupled with rising volume and an uptick in RSI, could pave the way for a rebound—potentially retesting higher resistance levels like 0.00001500. However, a break below 0.00000792 might trigger a cascade toward 0.00000500, signaling deeper bearish sentiment.

Investors should keep a close eye on several factors. First, the interplay of support and resistance levels will dictate near-term directionality—a decisive move above recent highs or below current support could set the tone.

Second, RSI trends bear watching: an upward climb from its current plateau might reflect growing bullish momentum. Finally, volume patterns will be telling; a surge in trading activity on price increases would bolster the case for recovery, while persistent low volume could prolong uncertainty. External factors, such as broader market trends or PEPE-specific news, could also tip the scales.

Conclusion

PEPE coin’s journey from August 2024 to March 2025 encapsulates the wild swings that define the crypto space. Its meteoric rise to 0.00001500 and subsequent plunge to 0.00000796 highlight both the opportunities and risks inherent in trading such assets. While the recent stabilization offers a glimmer of hope for a rebound, the path forward remains uncertain.

Technical indicators provide a foundation for optimism, but conviction will depend on renewed buying pressure and favorable market conditions. For now, PEPE stands at a crossroads—poised between recovery and retreat—leaving investors to weigh the data and decide: can this meme coin defy the odds once more?