PEPE Builds Momentum: Can It Hit $0.0000105?

PEPE is on the positive momentum after several weeks of market volatility and downtrend pressure caused by a big sell-off in the crypto market and many other factors that caused alarm among crypto investors.

PEPE price is currently on the positive momentum after several weeks of market volatility and downtrend pressure from a big sell-off in the crypto market and many other factors that caused alarm among crypto investors.

As of April 2025, the market has moved from bearish to bullish due to Bitcoin’s recent surge. Among the coins that are benefitting from the recent surge is PEPE.

After its recent low at 0.000005784, then moved in an upward direction. Recently PEPE is trading at 0.000007291 and is up by 4.13% with a 24-hour trading volume of $ 588.3M and a market cap of $ 3.06B.

Source: Coinmarketcap

Pepe (PEPE) is may be at a critical crossroads after being trapped for the past four months inside a downward-sloping channel. Crypto analyst Andrew Griffiths recently highlighted how long Pepe had remained trapped and explained that periods of consolidation like these tend to result in explosive moves both upward and downward.

PEPE’s price is consolidating, and a breakout may be imminent, Griffiths argues. If bullish momentum ensues, he predicts PEPE may move towards the ~$0.0000105, which he labels as the “blue wave” target. This will be quite a shift in sentiment and can reignite retail investor buying interest.

But he warns that if a breakout does not happen, the token could continue to move around and potentially retest the ~$0.00000450 levels as well.

Source: X

With market conditions still volatile and sentiment shifting quickly, PEPE’s next move could set the tone for its trajectory heading into the second quarter. While the memecoin has shown resilience and a loyal community, its technical setup suggests a make-or-break scenario that traders will be watching closely in the days ahead.

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