The MVRV Z-Score of Pepe (PEPE) Coin

The MVRV Z-Score of Pepe (PEPE) coin indicates deep undervaluation, matching June 2023 levels. A negative MVRV Z-Score suggests that investors are currently holding Pepe at a loss.

Market data shows that low MVRV Z-Score values often signal accumulation phases, leading to potential price growth. Meanwhile, the PEPE/ETH trading pair displays an RSI divergence pattern, historically associated with significant market reversals.

Additionally, Coinbase is evaluating Pepe for inclusion in their COIN50 Index, boosting its visibility to investors.

PEPE Coin MVRV Z-Score Indicates Potential Accumulation Zone

The current MVRV Z-Score for Pepe is -1, which corresponds to a similar score during June 2023 when the token initiated an extended accumulation period. The price decreased amidst the cooling crypto market in 2023 but rebounded in the year’s later months as buying activity increased.

The Z-Score indicator exceeded 6 in early 2024 as Pepe’s price surged, which led to profit-taking and price stabilization. The recent move to negative Z-Score values has analysts predicting another price bottom before a potential upward trend.

Periods of undervaluation historically lead to market recoveries. However, data from IntoTheBlock indicates that large transactions ($1M-$10M) dropped by 73.94%, while smaller transactions ($0-$1) rose by 149.81%, highlighting a shift towards retail trading. This reduced volatility might make PEPE susceptible to speculative price changes driven by retail investors.

RSI Divergence Points to Possible Reversal in PEPE/ETH Pair

In the PEPE/ETH trading pair, a bullish RSI divergence pattern has emerged; while price creates lower lows, RSI shows higher lows, indicating reduced selling pressure. This pattern has appeared three times since July 2023, and historically, it has led to strong price increases when the RSI falls below 30.

The current RSI measurement at its lowest point aligns with previous breakout moments. However, the trend requires confirmation through an increasing RSI and a price breakout above key resistance levels to replicate past successes. Historical data suggests that such divergent patterns often indicate trend reversals, prompting traders to observe if this setup will result in another breakout.

Pepe Coin Price Under Consideration for Coinbase’s COIN50 Index

Pepe is currently being considered for the Coinbase COIN50 Index, which tracks the 50 largest cryptocurrencies by market capitalization, where Bitcoin holds a 49.47% weight. Pepe, a meme token based on the character Frog, has seen significant price appreciation due to speculative trading.

Analysts forecast that inclusion in the index will enhance investor visibility and potentially lead to short-term price growth. Crypto analyst CryptoElites anticipates a 15x increase in Pepe’s price, projecting it could reach $0.0001451, a 1.618 Fibonacci extension level.

The token’s trajectory will depend on broader crypto market trends and investor behavior, but COIN50 Index membership could act as a growth catalyst. The review process is ongoing, with its outcomes expected to influence Pepe’s performance throughout 2025.