PEPE Surges 11% Amid Bullish Breakout With 25% Upside Potential
27.03.2025 12:38
PEPE, the frog-themed memecoin and the world’s third-largest by market cap, experienced an 11% gain on March 26, 2025, as it broke out of a crucial descending trendline resistance. Technical analysis indicates that if PEPE can stay above the $0.0000080 mark, the asset has the potential to soar an additional 25%. The uptick comes during a broader crypto market recovery, with rising long-term holder participation and an improving social sentiment score elevating investor confidence. Notably, PEPE’s RSI stands at 59, supporting the bullish outlook despite a 10% decline in trading volume, which suggests that while active trading might be subdued, institutional and long-term investors are increasingly accumulating the token. A secondary headline also noted that Bitcoin wallet growth is stalling, pointing to possible caution in Bitcoin adoption. However, the primary focus remains on PEPE’s technical turnaround and momentum.
The bullish breakout above a key resistance level, reinforced by technical signals like an RSI at 59 and increasing long-term holder participation, strongly suggests that PEPE's price could see both immediate and further upside. Short-term gains are supported by positive market sentiment and sustained technical thresholds, while the potential for a 25% rise indicates a promising long-term trajectory, despite reduced trading volume.
The brief mention of Bitcoin wallet growth stalling implies a possible short-term caution among investors. Although this could lead to temporary volatility or hesitation in adoption, historical resilience in Bitcoin’s performance suggests that any short-term setbacks might be absorbed over time, limiting long-term negative impacts.
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