PEPE Token Repricing to ATH as 200-Day MA Slopes Upward
Crypto analyst Plazma forecasts a significant PEPE price repricing toward its all-time high (ATH) as the token’s 200-day moving average (MA) begins to slope upward. Currently trading just below the 200-day MA at $0.00001218 and defending an ascending trendline since March, PEPE shows a long-term uptrend. Shorter-term MAs (20, 50, 100 days) are compressed beneath the price, often preceding sharp moves. The Relative Strength Index (RSI) at 45 indicates neutral momentum.
On-chain activity has weakened since May, with daily volume near 504 million, limiting breakout strength without renewed demand. Spot trading on Binance, Kraken and OKX totaled over $5 million, with modest net inflows suggesting profit-taking risk. Futures volume rose 15.9% to $1.58 billion, but open interest fell 0.65%, indicating closed positions. Liquidation data showed more short squeezes, supporting upward pressure via algorithmic buying.
Upside hinges on a breakout above $0.00001200–$0.00001400 with expanding volume, paving the way to $0.000016–$0.000017 and potentially retesting the ATH near $0.0000175–$0.000018. Failure to reclaim the 200-day MA or breach the trendline risks a drop to $0.000009–$0.000008, with deeper support at $0.000006–$0.000004.
Bullish
The report’s emphasis on the 200-day moving average turning upward and the intact long-term trendline suggests a bullish setup for PEPE. Historically, altcoins like DOGE and SHIB have seen sharp rallies when their long-term MAs slope up, triggering algorithmic buying. A successful breakout above $0.000012–$0.000014 with expanding volume would confirm this signal, leading to rapid repricing toward $0.000016–$0.000017 and possibly the ATH. Even though on-chain volumes and net flows are currently subdued, the squeeze of short positions in derivatives markets can amplify upward momentum. Short term, traders may chase a breakout, boosting volatility. Long term, a sustained MA slope up and rising participation would reinforce a bullish trend. However, failure to break the 200-day MA could lead to a pullback to $0.000009–$0.000008.