- PEPE is gaining traction with strong technical momentum, deflationary tokenomics, and a passionate community backing bullish price forecasts.
PEPE is once again giving traders an market pundits a brether with a fresh wave of bullish momentum. Known for its dep roots and meme-driven rallies, PEPE is making headlines with its deflationary tokenomics (though many are skepticl about this fact), strong on-chain activity, and technical signls pointing to a potential breakout.
But while the upiside is enticing, the token still caries significnat risks.
Here are three compelling reasons to consider buying PEPE today, and one important caution.
1. Technical Momentum & Bullish On-Chain Signals
PEPE is currently flashing classic bullish patterns. The token recently completed a cup-and-handle breakout above the ~$0.000012 level, setting a near-term price target of ~$0.000015. A more aggressive falling-wedge breakout hints at the possibility of reaching ~$0.000019.
These patterns are supported by a golden cross, where the 50-day moving average crosses above the 200-day moving average, often a harbinger of sustained upward momentum.
Momentum indicators back up the bullish setup. The MACD is rising steadily, and the Relative Strength Index (RSI) remains neutral between 45 and 55, indicating room for upward movement without being overbought. On-chain activity further fuels optimism, with over $27 million in PEPE recently moved off exchanges to wallets, signaling possible whale accumulation and strong investor confidence.
2. Bullish Price Forecasts & Active Community
Crypto watchers have also jumped into the matter projecting a bullish stance on the asset. Noatbly, a majority of the analystpredict that the token could punch in from $0.000027 to $0.000046 by Q3 2025, contingent on breaking key resistance levels.
It goes without saying that the project continues to benefit from one of the most vibrant and dedicated communities in the meme coin space mirroring projects like Shiba Inu and Dogecoin.
Meanwhile, at the time of press, PEPE is swapping hands with $0.00001137 after a 2.24% surge in the past 24 hours and a $4.77B market cap.
Contributing to PEPE’s long-term viability is a scarcity-enhancing ecosystem. The team has burned 210 trillion tokens in April 2023 and followed up with additional burns, including 6.9 trillion in October 2023. With 93% of the supply locked and no-tax transactions, the project rewards long-term holders and limits reckless speculation.
3. Deflationary Supply & Transparent Tokenomics
PEPE’s tokenomics are built on trust and scarcity. Ownership has been renounced, 93% of LP tokens have been burned or locked, and deflationary burns are embedded into the protocol. Although the token began with a max supply of 420 trillion, ongoing burns ensure a gradually decreasing circulating supply—putting upward pressure on price over time.
These moves bolster confidence among the community and encourage holding behavior, a crucial driver for sustained appreciation in meme-driven assets.