Pepe Price Jumps 15% in a Week as Analyst Foresees Bullish Rally

Highlights:

• Pepe price soars 15% in a week as trading volume spikes 14%.
• The analyst highlights that Pepe’s price could be about to enter a bull rally.
• Pepe bulls target the $0.000086 mark if resistance levels are breached.

Pepe’s price experienced an 8% price increase to $0.0000761, surpassing Dogecoin (DOGE) and Shiba Inu (SHIB) earlier today, before plunging 3% to $0.000069. Pepe Coin attracts crypto enthusiasts and investors as whales show growing interest.

The memecoin is up 15% in a week. Accompanying the noticeable price movement in the Pepe market is its daily trading volume, which has spiked 14% to $812.65M. This indicates heightened market activity in the Pepe market, which could stir further upside in the market. 

Pepe Coin has held second place for memecoin market activity in the last 24 hours, trailing only behind Dogecoin. Rising investor interest in PEPE and its market resurgence put this asset on track to be a prominent market observer in the coming days. Popular crypto analyst Ali Martinez has drawn attention to PEPE’s chart as he has identified a potential bull rally ahead.

$PEPE could be about to enter a bull rally! pic.twitter.com/7fJj9ZjxAf

— Ali (@ali_charts) March 18, 2025

According to Martinez, the hourly chart displayed an inverse head-and-shoulders pattern, which he pointed out as a crucial bullish technical reversal pattern. The pattern signals the end of the downward trend and makes a price increase to higher levels possible. 

Pepe Price Outlook

The Pepe price has formed a head and shoulder pattern in the 2-hour chart, signaling a potential upside. Despite the recent rally, the memecoin has broken below the critical long-term support level at $0.000069, which previously held firm for an extended period. This level, once acting as strong support, now functions as resistance after the breakdown. Currently, PEPE struggles to reclaim this level, and if it fails, the price risks further decline toward the next key demand zone.

The PEPE/USD 2-hr chart displays a clear downward trend after rebounding about 8%  to $0.0000761 earlier today. Meanwhile, the token has consistently made higher highs and lower highs, with the 50-day MA positioned above the 200-day MA, reinforcing the bullish momentum.

However, the market price is currently reading below the neckline, suggesting a potential test of the support level at $0.000065 if bulls won’t gain stamina. Meanwhile, the rising trading volume indicates potential buying pressure, making it more likely for an immediate bullish reversal.

What Next for Pepe Coin?

On the other hand, if the price finds strong support around its current levels and manages to break above the 50-day and 200-day MAs, a relief rally toward the resistance at $0.0000761, $0.000079, and $0.000086 could be expected. A breakout from the head and shoulder pattern would be required for a trend reversal, but until that happens, the overall sentiment remains bearish. 

If early profiteering continues in the Pepe market, a further decline toward the support level of $0.000066, $0.000064, and $0.000062 remains the most probable. Traders should closely watch for confirmation signals, such as a strong bullish candlestick pattern and RSI indicator, before considering a shift in market direction