- PEPE could soar by 25% if it holds itself above the $0.0000080 level.
- PEPE’s rally is attracting long-term holders, a sign of growing confidence in the asset.
Pepe (PEPE), the frog-themed memecoin and the world’s third largest, has shown improvement following a recent bullish price rally.
On March 26, as the broader cryptocurrency market began to recover, PEPE experienced a notable 11% increase.
PEPE Price Action and Upcoming Levels
This significant price increase, amidst a recovering market, appears to follow a breakout from a key resistance level that PEPE had faced since early February 2025.
The combination of this breakout and the market’s recovery is propelling PEPE’s price upward.
According to AMBCrypto’s technical analysis, PEPE remains in a bullish position as long as it stays above the $0.0000080 threshold, with potential for a further 25% increase despite recent gains.
Currently, PEPE’s Relative Strength Index (RSI) is at 59, indicating a strong bullish trend with further room for growth.
As of now, PEPE is trading around $0.0000087, reflecting an 11% surge over the past 24 hours.
Nevertheless, the memecoin’s trading volume has decreased by 10%, suggesting lower engagement from traders and investors compared to the previous day.
This positive momentum and bullish price action have begun attracting long-term holders, according to blockchain analytics firm Santiment.
Rising Investor Participation
Data indicates a significant increase in PEPE holders with balances ranging from 100,000 to 1,000,000 and from 1,000,000 to 10,000,000 tokens, showcasing increasing investor confidence and interest in the memecoin.
Bullish Sentiment
Additionally, PEPE’s Social Dominance and Weighted Sentiment appear to be improving, further bolstering its optimistic outlook.
Since early March 2025, the sentiment score has increased from -0.77 to +0.387, reflecting rising optimism among traders and investors on social media, which seems to be positively influencing the memecoin’s price.
Combining these on-chain metrics with technical analysis indicates that bullish activity is returning, suggesting that PEPE could continue its rally in the days ahead.
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