Pepe Coin Price Surges 15%: How High Can It Go in March?
Highlights:
- Whale activity triggers surge in Pepe coin’s price and volume.
- Pepe Price trading above crucial Fibonacci retracement level at 0.00000507 USDT.
- Technical indicators show PEPE’s bullish strength with resistance at 0.0000008 USDT.
Pepe coin (PEPE) price, a major meme-based coin, ranked among the top gainers in the crypto market today. The price surged past $0.00007 for the first time this week as investors reacted to favorable macroeconomic trends. PEPE rose 33% from Tuesday’s year-to-date low of $0.00005, marking a strong recovery.
The broader market sentiment was boosted seeing that Bitcoin remained above $83,000. The memecoin sector rebounded, and PEPE was able to outperform other meme coins such as Dogecoin (DOGE) and Shiba Inu (SHIB).
The market cap reached at $3.04 billion with an 11.99% increase, while trading volume went up to $1.14 billion with a 22.99% rise. Presently, PEPE is standing within the ascending channel, which puts a bright, bullish outlook.
Whale Activity Drives Pepe Coin Price Surge
The PEPE token saw significant movements as three distinct wallets collectively purchased an impressive 689.79 billion PEPE, valued at approximately $4.3 million, around 11 hours ago. The transactions of these wallets have been traced back to TornadoCash, a service known for its privacy features.
The wallet address 0x7A7D utilized 1,413.4 ETH worth $2.72 million for 437.7 billion PEPE tokens. 0x9212 invested $1 million to acquire 158.58 billion PEPE tokens. A total of 93.51 billion PEPE tokens were acquired through the 0x7779 wallet with 299 ETH, which had an equivalent value of $574,000.
3 wallets bought 689.79B $PEPE($4.3M) ~11 hours ago.
The funds of these 3 wallets all come from #TornadoCash.
0x7A7D spent 1,413.4 $ETH($2.72M) to buy 437.7B $PEPE.
0x9212 spent $1M to buy 158.58B $PEPE.
0x7779 spent 299 $ETH($574K) to buy 93.51B $PEPE.
Address:… pic.twitter.com/rhFpg3X8wv
— Lookonchain (@lookonchain) March 12, 2025
Crypto Analyst Highlights Key Trading Zone for PEPE
According to crypto analysts, 0.00000507 USDT is a critical Fib retracement level for PEPE price, hence creating a great opportunity for buyers to step in. At this level, people who want to take advantage of potential price rebounds will consider it crucial.
If the price can hold above this zone, it is thought market watchers will expect a reversal to bullish. Such an upswing might have targets at 0.00002072 USDT, and 0.00002789 USDT, afterward. Nevertheless, further declines may occur in case the price fails to support the Fibonacci zone. This could further lead to lower lows which could be followed by some kind of recovery.
🟢 $PEPE/USDT Technical Analysis
The price has retraced to a major Fibonacci support zone (0.00000507 USDT), signaling a potential buying opportunity.
A bounce from this zone could trigger a bullish reversal.
🚀 Key Price Targets:First Target: 0.00002072 USDT
Second Target:… pic.twitter.com/0DKtP7X4iL— Rose Premium Signals 🌹 (@VipRoseTr) March 12, 2025
PEPE Price Eyes 0.000001 as Bulls Push Higher
As of Thursday, 13th March, the PEPE price is experiencing a steady uptrend, trading at 0.00000073 USDT, reflecting a 15% increase. The meme coin pepe is moving within a rising channel, signaling continued bullish sentiment in the short term. Buyers are pushing toward key resistance levels, aiming for further gains.
Technical indicators suggest strong momentum. Therefore, the MACD line is higher than the signal line, which means a bullish strength. The buying pressure is going higher and the histogram bars are continuing to expand. Meanwhile, the Relative Strength Index (RSI) stands at 59, approaching the overbought threshold of 70. If it crosses this level, a possible price pullback could follow due to overextended buying activity.
Key resistance levels are identified at 0.0000008 USDT, 0.0000009 USDT, and 0.000001 USDT. If the bullish momentum continues, PEPE could test these levels, with a breakout above 0.0000008 USDT potentially opening doors for further upside. On the downside, support is established at 0.0000007 USDT. A breakdown below this level might signal weakness, leading to increased selling pressure.
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Joy Nganga
Joy is a Market Analyst and Blockchain Technology Writer at Crypto2Community. With over five years of experience, she is highly skilled in the crypto market and well-versed in blockchain technology. AnnJoy offers the latest news and insightful analysis, making her a valuable resource for informed decisions in the crypto space.
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