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PEPE Price Analysis – Why PEPE Could Rally to $0.00000719 Soon

Highlights:

  • PEPE is consolidating between the $0.00000524 resistance and $0.00000469
  • Momentum points to a bullish breakout as the price increasingly pushes resistance
  • Hints of more liquidity injection into US markets could send PEPE higher 

PEPE (PEPE) is making some minor gains intraday. That’s despite weakness across the market. At the time of writing, PEPE was trading at $0.0000055008, up 3.48% on the day. However, even as the PEPE price makes some mild gains, intraday trading volumes have dropped. When writing, PEPE trading volumes stood at $386.78 million, down by 7.53%. Such a drop in volumes could signify two things. 

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The first is that the average holder is not keen on liquidating their holdings. This is a good signal as it reduces the chances of a major price crash in the foreseeable future. However, it also shows that new investors are waiting on the sidelines for more price strength before jumping into PEPE. Looking ahead, the PEPE price could head higher. 

PEPE On-Chain Metrics Point to Retail Resilience

PEPE’s on-chain metrics support these volume dynamics. On-chain data shows that the number of unique PEPE addresses has increased by 2.8%. However, whale transactions, those above $100k, have dropped by 33%. This indicates that PEPE has a solid base of retail holders who are not keen on selling and are potentially buying more. However, the larger buyers are likely sitting on the sidelines waiting for a big move across the markets.

Liquidity Injection Into US Markets Could Send PEPE Price Higher

One factor that could push PEPE higher is the easing of the US interest rate environment. Analysts are in consensus that part of the reason the 2024/25 bull market failed is that it coincided with a high-interest-rate climate. However, things are improving on this front. In December, the Federal Reserve unexpectedly cut rates and also announced the end of Quantitative Tightening. 

Since then, they have injected billions of dollars into the markets. In this week’s FOMC, investors expect the Federal Reserve to either cut rates or hold them as they are. Either way, liquidity injection has been initiated and will continue.

At the same time, President Trump is expected to announce a new dovish Federal Reserve Chairman soon. All these point to more liquidity in the markets and could send PEPE and other high-beta assets higher in the short to medium term. 

PEPE Standing Among Memecoins Could Send It Higher

As the macro environment becomes favorable, PEPE could benefit from its standing among meme coins. Thanks to platforms like Pump.fun, anyone can launch a memecoin. The result is that new memecoins are hitting the market daily. Most of them are either scams or fade into oblivion after the initial pump. PEPE is one of the standouts in this crowded market. 

PEPE has been around for years and has survived multiple boom-and-bust cycles. At the same time, PEPE is available on most top exchanges. This makes it easy for the average investor looking to take a position in a memecoin but does not know how to use DEXs. Such dynamics put PEPE in a good position for a rally going forward

Technical Analysis – PEPE Price Consolidating, But Bulls Taking Control

PEPE is currently consolidating between the $0.00000524 resistance and $0.00000469 support. However, bulls are taking control intraday. If they push the price through the $0.00000524 resistance, a rally to $0.00000719 could follow.

PEPE
Source: TradingView

On the other hand, if bears take control and push the PEPE price through the $0.00000469 support, a correction to the $0.00000372 support could follow. Of these scenarios, a rally to $0.00000719 is more likely. This is due to expected liquidity growth in the US over the foreseeable future.

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