The Pepe coin fell 44% this month, pushing it to a $5 billion market cap level for the first time since November.
Is this a profitable buying opportunity, or should traders shift to Pepe’s ideas and other alternatives?
Pepe loses key $0.00001 level
Probably, the most interesting factor at the moment of PEPE is the loss of $0.0001, a psychological and structural critical level.
But not only did Pepe lose this level, but its price has since been put on hold and then dropped again.
Currently, Pepe is trading at $0.000009784 and has consolidated below $0.00001 in about two weeks.
This is an area that traders must pay close attention to. If Pepe loses local support, it can retreat to the next $0.0000063 macro support. However, if you recoup $0.00001, the chart looks healthier.
So, a question is raised, how will Pepe move next?
Analysts expect recent correction
Famous Trader Crypto Knight believes Pepe can see a recent pullback, raising its price to a low range before it can begin.
However, it is important to emphasize the latter part. Once PEPE tests its new macro range lows, analysts are expected to continue.
$ pepe pic.twitter.com/vkyaw6tzb3
– Knight $ inj to 100 $ (@cryptoknight890) February 8, 2025
Meanwhile, analyst GhostMMXM expects a “bull trap” that Pepe briefly broke the resistance level before another sell-off drops it to the $0.00006 level.
$ pepe pic.twitter.com/owapirmhc
– ghostmmxm (@ghostmmxm) February 17, 2025
Pepe has a market cap of $4.1 billion and a 24-hour trading volume of $994 million. Based on current prices, it is 65% lower than the all-time high (ATH) that occurred two months ago.
Analysts say the highs are mainly due to listings on coinbase, but the consequences of bearish market conditions have led to such a huge sell-off. Max Schwartzman.
Schwartzman noted that Pepe is now back to its front base listing level and maintains good range. He hinted that this was a positive signal for the future of the project.
While Pepe’s near-term outlook is uncertain at best and at worst bearish, analysts are more optimistic about its long-term potential.
With that in mind, we can expect a potential low price of $0.00006 this month, but the shift toward 0.00002825 ATH may happen before the end of the year.
But, currently in the crypto market, this is not all doom and melancholy, with the new AI proxy meme coin called Pepe’s Mind of Pepe, causing a huge buzz among top analysts.
Famous trader says Pepe’s mind is 100 times after ICO
this Pepe’s heart AI proxy will soon be launched on the Ethereum network to change the way users interact with market data.
$Mind is currently available for purchase via token pre-sales and so far it has raised $6.4 million.
AI agents can write tweets independently, monitor trends, launch tokens, and interact with applications. $Thinker holders have exclusive access to trend analysis and internal information about token releases.
Pepe is currently worth $4.1 billion and utility is $4.1 billion. Pepe’s idea is a new project with the same meme coin charm, but it can also run 24/7 to provide trading opportunities in its community – it’s worth just $6 million so far.
It is precisely for this reason that renowned industry analysts say the idea of PEPE is one of the most promising cryptocurrencies on the market. In a recent YouTube video, Jacob Bury told 99bitcoins’ 700k subscribers that $MINC can be 100 times the price.
https://www.youtube.com/watch?v=da7qyplgb00
Pepe Presale Presale has a current idea of $0.0033454, but the next drop will be less than a day throughout the campaign.
Therefore, potential investors should act quickly to ensure the maximum value for money.
The idea of visiting Pepe for pre-sale
