PEPE Nears a Bottom as Long-Term Holders Accumulate — Short-Term Rebound Possible
PEPE has fallen sharply — down 2% in 24 hours, about 14% this week, 31% this month and 66% over the past year — trading near $0.00000412 after a market-cap drop to $2.66 trillion. On-chain indicators suggest accumulation by long-term holders: the MVRV long-short difference is rising toward positive territory, signaling profit dominance returning to long-term holders. Technical indicators show the RSI near 30 and MACD at low levels while price tests long-term support around $0.0000040. Analysts say this combination of oversold conditions, holder accumulation and meme-coin popularity increases the odds of a bounce to $0.00000450 within a week, $0.0000070 by end of Q1, $0.000010 by H2 and $0.000020 by year-end — though a break below $0.0000040 could trigger further declines. The piece also notes alternative presale projects for diversification (example: SUBBD) and reiterates the usual risk disclaimers for crypto trading.
Bullish
The article combines on-chain and technical evidence that favors a near-term bottom: the MVRV long-short difference shifting toward positive implies accumulation by long-term holders — a bullish sign historically for speculative tokens. RSI around 30 and low MACD point to oversold conditions often followed by short-term rebounds. The price is testing a known long-term support at $0.0000040; rebounds from similar supports in past meme-coin cycles have led to rapid short-term gains as traders react to accumulation signals. However, risk remains: a confirmed break below the $0.0000040 support could provoke heavy selling. For traders, the immediate implication is a higher-probability short-term long (mean-reversion) trade with tight risk controls — enter on confirmation of support hold and volume-backed bounces, set stop-losses below $0.0000040, and size positions conservatively given volatility. Longer-term targets given in the article assume sustained accumulation and market recovery; these are plausible if macro risk appetite improves, but they carry substantial execution risk and require monitoring of holder distribution and liquidity.