PEPE coin has been demonstrating a stable market structure, with a 2.1% price increase, closing at $0.00001780. The price action has been predominantly sideways, showing consolidation near the $0.00001750 zone after a rejection from the $0.00002836 level in late December. This consolidation follows a downtrend where the moving average served as resistance, indicating bearish pressure.
The support zone for PEPE remains at $0.00001500, which was not breached, suggesting that the price is forming a potential double-bottom pattern. This could signal a reversal if the price retests the $0.00001500 support before recovering. The resistance remains at $0.00002836, and a breakout above this level could trigger a rally.
Short-term consolidation reflects a neutral bias, with a breakout contingent upon breaking the $0.00002000 resistance. If the support at $0.00001500 fails, PEPE could test lower levels, possibly dipping to $0.00001000, extending bearish momentum. However, if the price rebounds from $0.00001500, it would align with historical recovery trends, suggesting potential upward movement.
PEPE Coin Spot Netflow and Market Trends
PEPE’s price volatility is closely tied to its spot netflow and market cap trends. In late November, positive netflows surged to $120M, coinciding with a significant price increase. Conversely, negative netflows in mid-November led to a sharp decline in capital inflows. From March to July, netflows fluctuated between -$30M and $30M, resulting in minimal price impact. Price increases in August were supported by sustained positive netflows of around $60M.
However, by mid-September, netflows started to decline, leading to stagnation around $0.00000050. The fluctuating netflows show a close correlation with price changes. Sustained positive netflows above $60M could support upward momentum, while continued negative inflows might maintain downward pressure.
Also Read: Pepe Coin Primed for 2X Surge? On-Chain Metrics Signal Major Rebound Ahead
PEPE Coin’s Social Media Dominance
PEPE coin has been a dominant force on social media, ranking second in activity with 21.3K posts and 3.63M interactions, securing 2.20% social dominance. This positions PEPE as a leading meme coin alongside Dogecoin (DOGE), which remains the top player with 28.5K posts and 6.94M interactions.
The continued social engagement surrounding PEPE could be a key driver of its future price movements.
Outlook for PEPE Coin
The future of PEPE coin will depend largely on market sentiment, volume, and netflow trends. A successful breakout above the $0.00002000 resistance could lead to higher price targets, while sustained bearish momentum could test lower support levels. With social dominance and active community engagement, PEPE remains a coin to watch for potential price action in the coming weeks.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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