TLDR
- PEPE gained 11% on March 26 as the crypto market showed signs of recovery
- Technical analysis suggests PEPE could rise another 25% if it maintains above $0.0000080
- Long-term holders are increasing, with notable growth in wallets holding 100,000-10,000,000 tokens
- PEPE’s social sentiment has improved from -0.77 to +0.387 since early March
- Strong on-chain support exists near $0.0000080, with over 10,000 addresses holding approximately 26 trillion tokens
PEPE, the frog-themed memecoin and world’s third-largest in its category, is showing bullish momentum. The token recorded an 11% gain on March 26, as the broader crypto market began to recover.
This price increase follows a breakout from a descending trendline that had been in place since early February 2025. The technical breakthrough, combined with overall market improvement, appears to be driving PEPE higher.
At press time, PEPE trades near $0.0000087, having surged over 11% in the past 24 hours. Despite the price jump, trading volume has dropped by 10%, indicating lower participation compared to the previous day.
On-Chain Metrics Support Bullish Outlook
Data from blockchain analytics firm Santiment reveals growing investor confidence in PEPE. There has been a noticeable increase in PEPE holders with balances between 100,000-1,000,000 and 1,000,000-10,000,000 tokens.
This accumulation by larger holders suggests growing conviction in the memecoin’s prospects. Long-term holder behavior often precedes sustained price movements in crypto markets.
PEPE’s Social Dominance and Weighted Sentiment metrics are also improving. Since early March 2025, the sentiment score has risen from negative territory at -0.77 to positive at +0.387.
This shift indicates growing optimism among traders and investors on social media. Positive social sentiment often correlates with price appreciation in the meme token sector.
Technical Analysis Supports Further Gains
According to technical analysis, PEPE remains bullish if it holds above the $0.0000080 level. At this price point, there is strong support with over 10,000 addresses holding approximately 26 trillion tokens.
The Relative Strength Index (RSI) currently sits at 59, signaling a strong bullish trend with room for additional upside. This technical indicator suggests momentum remains positive without reaching overbought territory.
The Moving Average Convergence Divergence (MACD) reading has also moved into positive territory. This technical indicator reinforces the potential continuation of the two-week-long rally.
March Price Recovery
PEPE experienced significant volatility earlier this month. The token plummeted 35% in early March, bottoming at $0.000057 on March 10.
However, a mid-month rally has erased all those losses. This V-shaped recovery pattern often indicates strong buying interest following a sharp decline.
The In/Out of Money Around Price (IOMAP) indicator shows solid support near $0.0000080. This level has more tokens in profit than the unrealized loss volume between $0.0000090 and $0.000010.
Price Targets
If current trends continue, PEPE could climb to $0.000014 in the short term. This target corresponds to the 0.618 Fibonacci retracement level.
Should broader market conditions improve further, the memecoin might aim toward $0.000020. This would represent a significant gain from current levels.
Alternatively, failure to breach the $0.000010 resistance could invalidate the bullish forecast. In that scenario, PEPE might decline to $0.0000053.
The holding time of transacted PEPE coins has increased to 2.67 trillion over the past two weeks. This metric indicates fewer holders are selling their tokens, reducing available supply.
Rising holding time is typically a bullish sign for cryptocurrencies. It suggests market participants are maintaining their positions rather than liquidating assets.
If this trend continues, PEPE’s recent gains may prove sustainable. Reduced selling pressure often allows upward price movement to continue.
Data shows the token has broken above a prolonged downtrend on the daily chart. This technical breakthrough is significant after months of declining prices.
Combined with improving on-chain metrics and technical indicators, PEPE appears positioned for additional gains. The current outlook remains positive as long as support levels hold.
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