As of March 25, 2025, the cryptocurrency market is witnessing a significant resurgence in meme coins, with Pepe (PEPE) leading the charge. PEPE has experienced a notable 27% surge in the past week, trading at $0.0000254 and achieving a market capitalization exceeding $10 billion. This bullish momentum has propelled PEPE to a new all-time high of $0.000027525.
The recent price action has formed a bullish flag pattern on PEPE’s four-hour chart, indicating potential for further gains. However, the increased supply at these elevated levels has led to a slight pullback, with the price currently consolidating around $0.0000254. Immediate support is identified at the 23.60% Fibonacci retracement level, approximately $0.00002298. A successful retest of this support could set the stage for a rebound toward the 50% Fibonacci level at $0.000030.
Investor activity has also played a role in PEPE’s ascent. Notably, a savvy trader recently deposited 121.75 billion PEPE tokens to Binance, securing a profit of $2.13 million—a 197% return over 2.5 months. This follows an earlier trade in May, where the same trader realized a $1.23 million profit, marking a 75.5% return.
The broader meme coin market is also experiencing a revival. Solana-based Bonk (BONK) has surged over 100% this week, trading at $0.000043. The daily chart indicates that BONK is well above the 20 and 50 Exponential Moving Averages (EMAs), suggesting a bullish trend. Should this momentum persist, BONK could rally toward $0.000049.
Market analysts attribute this resurgence to several factors, including increased investor interest, favorable technical patterns, and broader market dynamics. The recent bullish breakout in PEPE, characterized by the flag pattern, has attracted attention from traders seeking to capitalize on potential gains. Additionally, the overall positive sentiment in the cryptocurrency market has contributed to the renewed interest in meme coins.
However, caution is advised. Momentum indicators for PEPE, such as the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD), suggest bullish exhaustion. The RSI has retreated from overbought territory, and the MACD lines are converging, indicating a potential bearish crossover. These signals point to the possibility of a more significant pullback if buying pressure does not resume.
In summary, the meme coin market, led by PEPE, is experiencing a notable resurgence characterized by significant price increases and bullish technical patterns. While the current momentum presents opportunities for traders, it is essential to remain vigilant and consider potential volatility. Monitoring key support and resistance levels, as well as technical indicators, will be crucial in navigating the evolving landscape of meme coin investments.
