Over the last month, PEPE digital currency has experienced a continuous decline, marking a loss of 47.78%. In the most recent 24-hour period, PEPE has extended this downtrend with a 1.89% decrease.
Recent market updates indicate a probable reversal in PEPE’s trajectory, with several optimistic indicators emerging, especially with regards to ongoing accumulation. Despite this, certain sectors of the market remain pessimistic.
Anticipating a Substantial Price Surge
PEPE is currently navigating within an upward channel on the 4-hour chart, illustrating a consolidation phase with well-defined support and resistance levels.
As of now, PEPE has just rebounded from the support threshold and is heading towards the upper resistance level positioned at $0.00001056. A successful breach of this resistance level would validate a bullish trend in the market.
If PEPE were to climb from its support level to the peak of the surge at $0.00001477, it would register a surge of 54.22%.
However, potential obstacles may appear along the upward journey at $0.00001137, $0.00001217, and $0.00001331.
Further assessment suggests an ongoing surge as more purchasers engage in the market.
Continuous Accumulation of PEPE
Utilizing the Accumulation/Distribution Ratio on the chart, CryptoCrypto has identified continuous accumulation within the market, with approximately 635.23 trillion PEPE units traded at this level.
While this indicates a bullish trend due to its upward trajectory, the emergence of a descending line pattern denoted by the dotted line hints at potential significant accumulation in upcoming trading sessions.
If this transpires, it could signify heightened buying interest, potentially propelling PEPE beyond crucial resistance levels in the near future.
As of the current moment, the Relative Strength Index (RSI) exhibits a renewed interest in buying. With the RSI presently standing at 47.02 and trending upwards, a crossover above 50 would confirm the significant presence of bullish investors in the market.
Data from Coinglass regarding Exchange Netflow further bolsters this optimistic sentiment. A negative exchange netflow (red) typically indicates buying activity, while a positive netflow (green) signals selling.
Since the initial week of 2025, a consistent pattern of buying activity has been visible in the spot market. Last week alone, exchanges witnessed transactions totaling $30 million involving PEPE.
The largest single purchase for this year reached a substantial $148.86 million. The continuation of such buying trends could propel PEPE’s value upwards.
Minor Selling Pressures Persist
The Open-Interest Weighted Funding Rate, a metric combining Open Interest (OI) data from the derivatives market with the Funding Rate to predict price direction and investor sentiment, currently reflects a bearish outlook.
Recent data shows that following the peak of the OI-Weighted Funding Rate at 0.0101% on February 14th, it has since plummeted to 0.0002, residing in the negative territory. This suggests an abundance of sellers in the market, potentially hindering PEPE’s chances of a significant upswing.
A rise in the OI-Weighted Funding Rate could potentially reinforce the prevailing bullish sentiment.