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The Pepe price has surged 13% in the last 24 hours to trade at $0.00002048 as of 8 p.m. EST on a 60% pump in trading volume to $1.5 billion.
Pepe Price Bounces Back On A Double Bottom Pattern
The Pepe price action shows a shift in market sentiment, transitioning from a bearish trend into a more bullish structure. Between June and October, the price remained trapped in a descending bearish channel, consistently making lower highs and lower lows.
The downtrend found strong support near $0.00000070, a level that acted as a support, preventing further declines and indicating consistent buying interest. In early November, the price decisively broke out of the bearish channel around $0.00000120, signaling a shift in momentum. Following the breakout, the price rallied but retraced to retest support near $0.00000150. This formed a textbook double bottom, a bullish reversal pattern that often signals a trend reversal.
PEPEUSD Analysis Source: Dextools.io
Currently trading at $0.00000205, the price has broken above the 50-day moving average (at 0.00000203), and the bullish breakout suggests a potential continuation toward the next resistance zone around 0.00000250. The moving average is also aligned with the upward trajectory, providing additional support to the price.
Bullish Momentum Signals Further Gains For PEPE
The technical indicators strongly support the bullish narrative as the MACD histogram has turned positive, with a bullish crossover above the zero line, indicating a growing upward momentum.
Meanwhile, the Relative Strength Index (RSI) is currently at 55.92, trending higher but remaining well below overbought levels, indicating that the bulls have the opportunity to drive the price further upside without immediate risk of a pullback due to overextension.
Critical support levels to monitor are $0.00000150, where the double bottom formed, and $0.00000120, the previous major support. As long as the price holds above the 50-day moving average and consolidates above $0.00000210, there’s a strong likelihood of a bullish push toward $0.000002509.
A breakout beyond this resistance could open the door to even higher levels, while any failure to maintain support could see the price retesting lower levels before regaining momentum.
Wall Street Pepe Presale Hurtles Past $51 Million – Last Chance To Buy!
As the Pepe price surges in a fresh bullish rally, investors are also rushing to buy the new Pepe rival Wall Street Pepe (WEPE) as its presale crashes past $51 million in funding, with just 29 days remaining until it concludes.
In little more than a month, this Pepe the Frog-themed token has shattered funding milestones at a record pace, positioning itself as one of the most promising presales of 2025.
50M raised. 30 days until presale ends.
Wepe is ready for the moon. 🐸⚔️ pic.twitter.com/9aO2Hv3CA7
— Wall Street Pepe (@WEPEToken) January 17, 2025
The WEPE presale aims to become one of the most successful in history by building a collaborative platform where members can exchange insights, spot early opportunities, and achieve substantial returns.
Inspired by the success of Wall Street Bets on Reddit, the project seeks to empower smaller traders by allowing members to collectively choose which projects to support, fostering growth and momentum. By doing so, WEPE aims to reduce the influence of whale investors, creating a level playing field for the little guys.
For investors seeking passive income, the WEPE token also offers an attractive 25% annual staking yield.
Crypto analyst and YouTuber ClayBro, who has over 134K subscribers, predicts that WEPE could potentially achieve a 100X pump on launch.
Final Call To Buy WEPE – Only 29 Days Left
WEPE tokens are available for purchase at $0.0003665 through the official website using ETH, USDT, or a bank card.
Interested investors should act fast because huge demand for WEPE suggests that the project is likely to sell out sooner rather than later.
Buy WEPE tokens here before the presale ends in less than 30 days.
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