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PEPE skyrockets 11% – Can bulls push another 25%?
March 27, 2025 – 13:45 UTC
Pepe, the third-largest memecoin, has finally turned bullish after a breakout from a key resistance level. As we dive deeper into this sudden price surge, it’s crucial to note that PEPE could soar by an additional 25% if it holds itself above the $0.0000080 level.
As of the time of writing, PEPE was trading near $0.000087, having surged over 11% in the past 24 hours. The memecoin’s price action is now driving its value higher following the breakout of a crucial resistance level that it had been facing since early February 2025.
While analyzing the asset’s technical indicators and chart trends, our analysis suggests that PEPE remains bullish if it can sustain above $0.0000080. This optimism stems from the fact that the Relative Strength Index (RSI) currently sits at a moderate 59, indicating that there is ample room for further upside.
In the past day, trading volume experienced a significant decline of around 10%. However, this dip in participation didn’t deter investors and traders alike, as long-term holders have started to join the party. Blockchain analytics firm Santiment reported an uptick in PEPE holder activity, which is fueling speculation about its future prospects.
The rise in popularity has also led to a significant spike in investor interest on social media platforms, resulting in positive sentiment and increased positivity around the memecoin’s potential price action. The shift towards more optimism can be seen through Santiment’s data showing that PEPE’s Social Dominance and Weighted Sentiment have both shifted from negative to decidedly positive.
In conclusion, considering these on-chain metrics, technical analysis indicates that the bulls are back in control of the market, providing a solid foundation for further gains.
Source: https://ambcrypto.com/pepe-grows-11-can-bulls-push-another-for-another-25-rise/
