One of the active players of the Memecoin market PEPEattracted attention again after weeks of horizontal trend. CoinMarketCapAccording to data from , the coin, which has lost more than 4 percent in value in the last 24 hours, is traded at $ 0.000006912. Affected by the general decline in the cryptocurrency market, PEPE is priced with a loss of over 30 percent in value on a monthly basis. Still, investors’ hopeful expectations continue.
Whale Purchases and ETF Expectations Support the Price
According to analysts, there are three main factors that could trigger a rally in Pepe. First of all, major wallet holders have lost 4.02 trillion units since February. PEPE coin More collections have significantly reduced the circulating supply of memecoin. This type of accumulation is generally considered a harbinger of price recovery in the short term. The second factor is Ethereum 
$3,874.69 Altcoin soaring after $170 million in inflows into its ETFs ETF There were expectations. Signs of progress on the regulatory front have revived investors’ risk appetite. The third factor is that Pepe surpassed Shiba Inu in social media interactions, thus increasing the interest of individual investors again. memecoinIt shows that it is directed towards .
This shift in market psychology, coupled with the increase in volumes, has strengthened the short-term buying momentum. Experts state that if current liquidity conditions are maintained, PEPE can continue its recovery momentum up to the $0.0000091 band. However, possible changes in global risk appetite and Bitcoin 
$107,888.00It is reported that the direction of the price will play an important role in the short term.
Technical Outlook on PEPE
PEPE’s price has formed a short-term recovery channel after the previous sharp correction. Currently trading at $0.000006912, the first resistance threshold for memecoin is at $0.0000075. A clear break above this level could pave the way for the price to move towards the next supply zone, $0.0000091. The $0.00000643 band continues to act as strong support. This zone, which corresponds to the Bollinger lower band, has been tested many times in recent weeks, strengthening the buyers’ defensive line.
The Relative Strength Index (RSI) is at 58.85 and does not yet signal overbought. This indicates that the price has the potential to rise in the short term. The 20-day moving average, hovering near the mid-band, also supports the improvement in sentiment. If PEPE makes a move above $0.0000068 in the coming hours and days and remains above the level, the possibility of a steady recovery extending to the $0.0000090 threshold will be strengthened.
