Pepe Whale Predicts a Delayed ATH For PEPE: Will 2025 Deliver a Big Price Breakout?
- PEPE is trading at $0.054008, close to its major support level.
- RSI is in an oversold condition, suggesting a potential bounce in the near term.
- The coin has traded historically in parabolic bursts It is still down 85.84% from its all time high
In recent months, the coin has been facing a challenging market, but traders are once again keeping it in their sights after a new outlook was provided by a well-known analyst in the community, Pepe Whale. The analyst believes that the path toward a new all-time high (ATH) is still on track, but it could take longer than previously expected.
Indicators Hint at a Bounce
The TradingView chart indicates that PEPE has been lingering near key support at 0.00000286, and prices are now in an oversold zone. A Relative Strength Index (RSI) of 24 indicates a potential exit of sellers and increases the chance of at least a small bounce.
The MACD is still bearish but has started to flatten, indicating a potential bottom forming. For PEPE to break out, it needs to reclaim the 0.00000564 zone and then the next major resistance zone at 0.00000771.
Also Read: PEPE Price Prediction: Could It Surge To $0.0540 This November?
PEPE Still 85% Below ATH
As of now, the coin has plummeted 85.84% from its ATH of 0.0000282540 from December 2024. But platforms like Crypto-rank demonstrate some historical evidence of some impressive month moves, like an increase of 965.% in April 2023. Then, over 200 % from January to early February 2024. Whenever sentiment does eventually flip, larger moves like that might happen.
Pepe Whale Predicts Delayed ATH but Maintains Long-Term Bullish View
According to the Pepe Whale’s projection on X suggests that a new ATH is delayed, but that it will come, with a decent climb first and then a sharper breakout later in 2025.
In conclusion, the coin may bounce soon, but the delivery of true breakout momentum will require reclaiming higher resistance levels. Paradigm shifts in price action can always lead to a potential ATH, and while it is years away, still at this moment, its ‘s history of showing sudden vertical moves keeps the long-term upside potential in play.
Also Read: Set to Plunge Toward $0.00000185 After Head-and-Shoulders Pattern
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