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The Pepe price plunged 9% in the past 24 hours to trade at $0.00001094 as of 1:48 a.m. EST, with trading volume soaring 107% to $1.7 million.
Pepe Price Currently On A Bearish Trend, Aiming For A Reversal
The PEPE price on the 3-day chart indicates a significant shift from a prolonged bearish phase to a potentially bullish structure.
The formation of a rounded bottom is evident, indicating a reversal pattern that suggests a gradual shift in sentiment from bearish to bullish.
Following the formation of a rounded bottom, the Pepe price has recently attempted to break through a well-established resistance zone around the $0.00001500 level, as GeckoTerminal data indicates.
However, this resistance area remains intact, with the Pepe price invalidating the bullish structure of the rounded bottom pattern.
Additionally, the price of PEPE is currently trading above both the 200 Simple Moving Average (SMA) and the 50 SMA, indicating that PEPE remains bullish.
The Relative Strength Index (RSI) stands at 50.57, a neutral reading that indicates a balance between buyers and sellers.
Meanwhile, the Moving Average Convergence Divergence (MACD) lines are above the zero line and appear to be in a slight bullish crossover formation, with the blue MACD line crossing over the orange signal line.
PEPE appears to be in a neutral-to-bullish consolidation phase with bullish undertones developing. The rounded bottom pattern suggests the market is attempting to transition into an uptrend, but the horizontal resistance around $0.00001500 remains the critical barrier.
If the price can close decisively above that resistance zone on strong volume, it would confirm the breakout and open the path toward the previous highs around $0.00002500 to $0.00003000.
However, failure to breach the resistance in the near term may lead to a retest of the 200 SMA around $0.00000889, which should serve as a strong support level.
Meanwhile, investors are piling into a new Bitcoin-themed meme coin called Bitcoin Hyper (HYPER), which aims to scale the Bitcoin blockchain.
The $HYPER Pre-Sale is now LIVE!
Get up to speed 👇https://t.co/yzXqAckjDw pic.twitter.com/sij7UFBOcb
— Bitcoin Hyper (@BTC_Hyper2) May 8, 2025
Bitcoin Hyper Token Presale Rushing Towards The $1 Million Milestone – Best Crypto To Buy Now?
Scalability and speed have finally come to Bitcoin. Bitcoin Hyper is a layer-2 Bitcoin ecosystem built on the Solana Virtual Machine (SVM). The project is now in presale and has already garnered over $536K.
While Bitcoin remains the most secure blockchain, it struggles with speed, cost, and flexibility, which makes it unsuitable for modern decentralized applications (dApps). Enter Bitcoin Hyper, which solves this by processing transactions with extremely low latency, drastically improving speed and lowering costs.
The SVM functionality also introduces fast and scalable smart contracts to the Bitcoin ecosystem.
Furthermore, the project functions on a decentralized Canonical Bridge, which ensures seamless and secure transfers between Bitcoin’s base layer and BTC Hyper.
🚨 Bitcoin Hyper is now live in Best Wallet! 🚨@BTC_Hyper2 is building Bitcoin’s first Layer 2 focused on real scalability — enabling fast, cheap BTC transactions, meme coins, dApps, and more.
It’s secured by Bitcoin L1 and powered by Solana VM tech for high speed and massive… pic.twitter.com/5Ktj12RCR1
— Best Wallet (@BestWalletHQ) June 5, 2025
Apart from scalability, the team has allocated 5% of the total 21 billion HYPER token supply for rewards, offering investors an impressive 1,329% annual percentage yield (APY) for purchasing and staking the tokens.
Investors interested in participating in the presale can visit the official Bitcoin Hyper Token website to buy HYPER tokens for $0.011775 each using crypto or a bank card.
Buy before the next price increase in about 1 day.
Visit the Bitcoin Hyper Token website.
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