PEPE Hits Key Bollinger Zone: Another 20% Rally Incoming?
By: thebittimes|2025/05/05 15:15:01
0
Share
PEPE price prediction Analysis now shows that the popular memecoin has actually reached the Bollinger Band mid-range, and this might be signaling another rally in the near future. After gaining around 20% over the past month, PEPE has entered what looks like a correction phase, dropping about 8.88% just last week. However, several technical indicators are suggesting that this pullback might just be temporary, and the cryptocurrency could be positioning itself right now for another possible upward move. Also Read: De-Dollarization: Warren Buffett Says the U.S. Dollar Is Going to Hell Market Volatility, Security Risks, and Key Levels for PEPE’s Recovery Bollinger Band Pattern Signals Potential Reversal PEPE currently trades at approximately $0.000008293, and recent technical Analysis confirms its position at the Bollinger Bands mid-range on the daily chart. Historical patterns seem to favor a somewhat bullish outlook for this PEPE price prediction, as the last time the token actually traded in this particular zone, prices subsequently moved upward and rallied. The Money Flow Index reading of 72.01 further strengthens the bullish case for this PEPE price prediction. This value, sitting well above the neutral 50 threshold, clearly indicates that strong liquidity continues flowing into the memecoin at the time of writing, which provides decent support for a potential uptrend in the coming days. Critical Resistance Levels Ahead Despite these positive technical signals, PEPE also faces some significant overhead resistance that could potentially impede a 20% rally from happening. Current Analysis identifies a supply zone that sits right above current prices, and this might trigger increased selling pressure if and when it gets reached. Also Read: Ripple XRP: ETF Inflows Will Surpass $8B by 2026 If the momentum somehow falters or weakens, there are three key support levels that could provide important bouncing zones for PEPE: $0.00000734, $0.00000645, and also $0.00000578. These levels will be absolutely critical for any PEPE price prediction scenario in case of unexpected downward movement. Divergent Market Sentiment Creates Uncertainty Market sentiment around PEPE remains quite divided between futures and spot markets right now. Futures traders are displaying some bullishness with the Open Interest Weighted Funding Rate rising to 0.0121% over just the past 24 hours, which suggests that most open contracts are long positions expecting price increases in the near term. Also Read: BRICS Nation to Launch a Stablecoin: Why It Will Threaten the US Dollar The recent period of crypto market activity has revealed that spot traders have transformed from buyers to sellers because they have moved about $2.65 million worth of PEPE tokens to the market. Various price prediction forecasts become challenging due to this recent buying/selling mismatch among PEPE market participants. PEPE needs to break through existing barriers before it can achieve a 20% market gain while sustaining enough momentum through the observed supply areas. The combination of Bollinger Band mid-range technical positioning and recent strong liquidity inflows with market volatility and security concerns still present forms a minimum basis for possible price growth in PEPE according to this short-term prediction.
You may also like

Why Stop at 126K? Michael Saylor Breaks Down BTC Stagnation and Retail Absence Truth
Bitcoin is digital capital, and I will spend a thousand hours explaining it to you. Eventually, you will understand, but you will still have to endure a 45% crash.

Virtuals Protocol's inaugural Titan project: ROBO aims to give a wallet to a robot
This is a key step in Virtuals expanding the Agent Economy into the Embodied AI and Robotics field.

Stablecoin Latest Report: Actual Distribution and Circulation Much More Notable Than Supply
The Truth about Stablecoin Circulation Speed, Concentration, and Structure After Doubling the Supply

Paradigm's New Arithmetic: When Crypto Can't Hold 12.7 Billion, AI Becomes the Answer
It took Paradigm three years to emerge from the ruins of FTX.

Wintermute Founder: In the Lost Cryptocurrency Market, What Can We Still Do?
This is more like a manifesto, discussing "the very reason we are here."

$1.3 Billion Debt: BitDeer Faces Tough Battle
Wu Jihan is waiting for AI's money to catch up with the speed of debt.

Anthropic's IPO Gamble: At the Most Unlikely Moment, It Chose to Say No
In the AI Era, what is the most valuable thing?

Paradigm's Math Problem: $12.7 Billion, Too Big for a Single Crypto Fund
Emerging from the ruins of FTX, Paradigm took three years

Ethereum Unveils Scaling Roadmap, What's Different This Time?
Short-term improvements to execution efficiency through the Gas mechanism optimization and block validation parallelization, and long-term scalability through ZK-EVM and blobs data architecture.

Anthropic Ban Wave, OpenAI $100 Billion Funding Controversy: What Is the Overseas Crypto Community Talking About Today?
What Have Foreigners Been Most Interested in Over the Last 24 Hours?

Morning News | OpenAI receives $110 billion investment; Solana launches Solana Payments; M0, MoonPay, and PayPal jointly launch PYUSDx
Overview of Important Market Events on February 27

Bloomberg: A Romanian Presidential Election Intervened by Crypto Traders
The puzzle of the Romanian elections under digital manipulation.

Founders Fund, Pantera, and Franklin Templeton join Sentient's "Arena" to stress test enterprise-level AI agents
Sentient is gathering builders and supporters from around the world (including Founders Fund, Pantera, Franklin Templeton, alphaXiv, Fireworks, OpenRouter, etc.) to jointly address the reasoning capability gap in enterprise AI.

Why Retail Is Shifting From Crypto to Equities: Will They Return?
Retail traders are exiting the crypto market and gravitating towards equities. Bitcoin saw a notable reduction in spot…

Canton Crypto Network vs. XRP: Understanding DTCC’s Strategic Approach to Infrastructure and Liquidity
Key Takeaways Canton Network and XRP serve distinct roles in blockchain technology: Canton for asset tokenization and atomic…

Jack Dorsey’s Block to Cut 4,000 Jobs in AI-Driven Restructuring
Key Takeaways Block’s significant job cuts aim to streamline operations for AI-driven growth. The company’s stock surged over…

Axiom Crypto Uncovered: ZachXBT Reveals $400k Insider Trading
Key Takeaways Allegations of insider trading at Axiom Crypto involve approximately $400,000 and a complex scheme where employees…

Ethereum 2029 Roadmap: ETH to Become the High-Speed Internet of Value
Key Takeaways Ethereum’s new roadmap, the “Strawmap,” aims for a settlement layer achieving 10,000 transactions per second (TPS)…
Why Stop at 126K? Michael Saylor Breaks Down BTC Stagnation and Retail Absence Truth
Bitcoin is digital capital, and I will spend a thousand hours explaining it to you. Eventually, you will understand, but you will still have to endure a 45% crash.
Virtuals Protocol's inaugural Titan project: ROBO aims to give a wallet to a robot
This is a key step in Virtuals expanding the Agent Economy into the Embodied AI and Robotics field.
Stablecoin Latest Report: Actual Distribution and Circulation Much More Notable Than Supply
The Truth about Stablecoin Circulation Speed, Concentration, and Structure After Doubling the Supply
Paradigm's New Arithmetic: When Crypto Can't Hold 12.7 Billion, AI Becomes the Answer
It took Paradigm three years to emerge from the ruins of FTX.
Wintermute Founder: In the Lost Cryptocurrency Market, What Can We Still Do?
This is more like a manifesto, discussing "the very reason we are here."
$1.3 Billion Debt: BitDeer Faces Tough Battle
Wu Jihan is waiting for AI's money to catch up with the speed of debt.