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PEPE Price- PEPE Doubles Since March—Bullish Signal?
PEPE Price– After months in decline, PEPE [PEPE] has clawed its way back above a $5 billion market cap, rising modestly by 2% in the last 24 hours. The bounce follows a brutal dip to $2.65B in March—its lowest point in 2025.
Now, signs suggest the memecoin may be preparing for a bigger move.
Google Searches for PEPE Spike
Interest in PEPE is heating up again. According to Google Trends, search interest has surged from 42% to 92%. That matters—memecoins like PEPE and Dogecoin [DOGE] thrive on community hype and visibility. With DOGE also gaining traction (currently at 65%), the memecoin market seems ready to roar again.
Breakout or Bull Trap?
PEPE has officially broken its bear market trendline from the December 2024 highs. After bottoming at $0.00000568 in March, PEPE formed a double bottom and broke out on July 10th, confirming the move five days later.
The next target? $0.000016. A clean break above could put PEPE back in range of its late-2024 highs. But bulls beware—a failure to hold this level might turn this breakout into a fakeout.
Whales Move, But So Does Risk
Big players are stirring. Whale James Wynn exited his PEPE and ETH longs with a $538K profit, only to go long on DOGE with 10x leverage—hinting at a possible short-term correction for PEPE.
On-chain data also paints a mixed picture. PEPE’s NVT ratio sits at 43.21, with a sharp 30.92% drop in 24-hour change, signaling a potential disconnect between price and real value.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
