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PEPE skyrockets 11% – Can bulls push another 25%?
PEPE, the world’s third-largest memecoin, has finally turned positive following a breakout of bullish price action. On March 26th, as the overall crypto market demonstrated signs of recovery, PEPE recorded an impressive 11% gain.
This notable price surge, amid the ongoing market recovery, appears to follow the breakout of a crucial resistance level that PEPE has been facing from a descending trendline since early February 2025. The earlier breakout, combined with the market recovery, seems to be driving PEPE’s price higher.
According to AMBCrypto’s technical analysis, PEPE remains bullish if it holds above the $0.0000080 level, with a strong possibility of soaring another 25% despite the recent price surge.
Meanwhile, PEPE’s RSI was at 59, signaling a strong bullish trend with more room for upside.
As I write this article, PEPE is trading near $0.0000087, having surged over 11% in the past 24 hours.
Despite the bullish outlook, PEPE’s trading volume dropped by 10%, indicating lower participation from traders and investors compared to the previous day.
However, this upward momentum and bullish price action have begun attracting long-term holders, according to blockchain analytics firm Santiment. Rising investor participation Data revealed a significant increase in PEPE holders with balances between 100,000–1,000,000 and 1,000,000–10,000,000 tokens, indicating growing investor confidence and interest in the memecoin.
Santiment’s Social Dominance and Weighted Sentiment metrics also show a marked improvement, further supporting its bullish outlook. Since the beginning of March 2025, sentiment score has risen from -0.77 to +0.387, indicating growing optimism among traders and investors on social media platforms which seems to be driving PEPE’s price higher.
Combining these on-chain metrics with technical analysis suggests that bulls are back in action, and PEPE could continue its rally in the coming days.
Source: https://ambcrypto.com/pepe-grows-11-can-bulls-push-another-for-another-25-rise/
