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6 March 2025

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PEPE Price Analysis Indicates Potential 400% Rally If Key Level Holds

Meme coin PEPE is currently testing a critical support level at $0.00000650 after a prolonged decline since the start of the year. A crypto analyst on TradingView indicates that a breakout above this level could trigger a 400% rally towards $0.0001.

Key Points

• PEPE has dropped to its lowest price in months, following a peak of $0.00002803 in December 2024.
• The recent technical analysis shows a potential bounce from current support levels.
• A previous resistance zone between $0.00001150 and $0.00001200 is crucial; a weekly close above this would signal a bullish trend reversal.
• If PEPE breaks above $0.00001200, it could lead to momentum targeting $0.00001700 to $0.00002200.
• Failure to maintain levels above $0.00001200 may result in further declines toward support levels of $0.00000650 to $0.00000550.

Currently, PEPE trades at $0.000007239, reflecting a 4.4% increase in the past 24 hours. Its upward trajectory may be influenced by broader market conditions for major cryptocurrencies like Bitcoin.