Key Insights:
- PEPE has shown signs of recovery after months of slow decline.
- Key indicators include a long base and an impulsive move signaling potential growth.
- Meme coins like PEPE thrive on market attention rather than strong fundamentals.
- When market sentiment turns positive, PEPE may quickly rise in value.
PEPE Memecoin on the Rise
The meme coin PEPE is showing signs of a potential market shift. After months of slow price decline, it has started to exhibit early signs of recovery. As market behavior changes, some indicators suggest that PEPE could be preparing for another major upward movement.
PEPE has experienced steady losses, a typical characteristic of meme coins before they show signs of life. This type of movement is not unusual, and it often precedes an unexpected price surge. According to CyrilXBT, the key to understanding PEPE’s movement lies in its latest expansion off the lows, which came with a notable increase in trading volume.
Key Market Indicators Suggest a Shift
Several key indicators are pointing to a possible shift in PEPE’s market behavior. The most notable is a “long base,” which refers to a period of consolidation where the price stabilizes before moving again. This kind of base can provide a solid foundation for future growth, especially when accompanied by a “clean reclaim of demand.”
Another important factor is the first impulsive move, which has already occurred. This type of movement is often seen as the first sign of a larger trend reversal. The expert notes that when memes start showing these types of movements, they often experience rapid price increases once the broader market sentiment turns “risk-on.”
Memes and Attention-Driven Movements
Memecoins like PEPE do not necessarily need strong fundamentals to thrive. When the market sentiment shifts to a more risk-on stance, meme coins like PEPE can quickly rise in value.
Analysts suggest that meme coins tend to pause and then rip again. This cycle is common in the meme coin market, where they often experience long periods of quiet before gaining momentum. As attention starts to shift back toward PEPE, it may rise quickly as traders and investors rediscover the asset.
