The strong Pepe coin rally experienced a few months ago has stalled, mirroring the performance of Bitcoin and other altcoins. It has plunged by over a third from its December highs as some investors remain optimistic about the third-biggest meme coins. So, can the Pepe price surge to $1 in 2025?
Pepe Coin Price Unlikely To Hit $1 In 2025
Pepe was trading at $0.000018 on Monday, meaning that the coin needs to surge by over 5.5 million percentage to get to $1. These gains are possible in the crypto market, as we have seen with Bitcoin’s surge from below $1 in 2009 to $108,000 earlier this month.
Pepe coin is unlikely to experience these gains in 2025. For that to happen, the crypto industry needs to see the biggest momentum ever. And Pepe’s market cap would jump from the current $7.8 billion to almost $400 billion by then.
Still, there are rising odds that the value of Pepe will do well in 2025. In an X post, Yazan, a crypto pundit with over 25k followers, predicted that the coin would surge in 2025 and get to a $69 billion market cap. Such a move would push its price to $0.0001648, which is a 783% surge from the current level.
He used a weekly chart and explained that the coin has historically gone through a period of accumulation, breakout, accumulation, and breakout. He believes that it is now in an accumulation that will lead to a stronger rebound.
Pepe Price Analysis: More Volatility Ahead of Eventual Rebound
The daily chart shows that the Pepe coin price peaked at $0.00002830 in December and then pulled back as the broader crypto momentum faded. Its highest level this month was between the overshoot and extreme overshoot levels of the Murrey Math Lines tool.
Pepe has now stalled at the strong pivot reverse, where it is forming a bearish pennant chart pattern, a popular sign of downward continuation. While it has dropped below the 50-day moving average, the coin has remained slightly above the 100 day average.
Therefore, the coin may have a bearish breakout as sellers eye the major S&R level at $0.00001192. Such a move would become valid if it drops below the crucial support at $0.00001725, its highest level in March this year.
On the flip side, if the accumulation thesis plays out well, the Pepe coin price will likely rebound and retest the year-to-date high of $0.00002830. A move above that level will point to more gains in 2025.
More Pepe coin gains will depend on the broader performance of the crypto industry, which is often highly correlated. Some analysts expect that Bitcoin price will continue rising, which could trigger more gains in the crypto industry.
The post Can Pepe Coin Price Realistically Hit $1 in 2025? appeared first on CoinGape.
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