PEPE News: Investors Eye Potential 285% Gains in PEPE Coin, Despite Bearish Reversal Pattern

In the volatile world of cryptocurrency, PEPE coin has emerged as a standout performer in 2024. With traders closely monitoring its price action and the activities of smart money, the meme coin has the potential for significant gains. However, recent technical analysis indicates a bearish reversal pattern, leaving investors to weigh the risks and rewards.

Can Smart Money Catalyze PEPE Coin’s 285% Potential Gains?

PEPE coin was one of the meme coins that made massive gains in 2024. Traders should monitor not only its price action but also the activities of smart players. PEPE formed a bearish reversal pattern through the rising wedge formation on the 2-hour chart, indicating potential bullish continuation. As of press time, PEPE slightly surpassed resistance at $0.00000800 to $0.00000823 and was trading at $0.00000789. The support level was at $0.00000740, indicating a fight between bulls and bears within the wedge pattern. A breakdown below $0.00000800 with a price fall below $0.00000740 could signal a bearish trend.

Pepe Coin Price Surges and Hits High Since February

Pepe coin’s price has rebounded this month, jumping to a high of $0.000008960, its highest point since February 24, and 73% from its lowest point this year. The rebound came as futures open interest ROSE to its highest level since Feb. 2, surging to over $324 million. Soaring open interest is a crucial indicator in crypto markets and is often viewed as a bullish signal. Pepe has also rallied amid signs of investor accumulation, with exchange reserves falling by 0.73% in the past seven days.

Pepe Price Prediction: Evaluating PEPE’s Growth Prospects

PEPE, the quirky frog meme coin, has captured attention with its remarkable journey in the crypto market in 2025. Having climbed from obscurity to a $500 million market capitalization, PEPE’s price has fluctuated wildly, yet sentiment remains cautiously optimistic. Analysts debate PEPE’s future, while traders increasingly shift to newer projects like Dawgz AI. Despite market volatility, PEPE’s price journey ahead is of great interest.