Pepe (PEPE) May Be Entering a Consolidation Phase After Its Strong Mid-April Rally

Popular meme cryptocurrency Pepe (PEPE) may be entering a consolidation phase after its strong mid-April rally.

Pepe (PEPE) price may be entering a consolidation phase after its strong mid-April rally, and technical indicators are now flashing warning signs for traders who have benefited from PEPE’s recent price surge.

As the daily chart shows, there was a structured advance from the $0.00000045 level in April, which was followed by several Fibonacci retracement moves. After hitting resistance around the 0.618 level at approximately $0.00000103, PEPE experienced a pullback before regaining momentum.

A bounce from the 0.382 support level helped fuel another breakout above the 1.0 Fibonacci extension near $0.00000134. The token later reached a peak of about $0.00000168 near the 1.272 Fibonacci extension, an area that has now emerged as resistance and is being marked by a new TD Sequential sell signal.

The TD Sequential indicator has proven useful for PEPE in the past. On May 2nd, it gave a green signal (A13), which correctly predicted a price increase.

The TD Sequential has been spot-on with $PEPE daily chart. And it’s now flashing a sell signal, suggesting a potential pullback ahead.

— Ali (@ali_charts) May 15, 2025

On April 27th, a red “1” appeared, accurately forecasting a temporary high followed by a decline. May 5th saw the emergence of a green “1” signal, which preceded major price growth. Now, another red “1” has been spotted on May 14th, suggesting another potential drop.

The momentum indicators are reinforcing this cautious outlook. The Relative Strength Index (RSI), which had previously crossed 75 during the rally, now reads 68.82. This represents a fall below the overbought threshold of 70. The 14-day average RSI stands at 67.23, showing signs that buying pressure may be easing. While these levels still reflect bullish territory, the downward shift suggests that the strength behind PEPE’s upward movement could be softening.

The Moving Average Convergence Divergence (MACD) chart provides further evidence of slowing momentum. Although the MACD line remains above the signal line (0.00000155 versus 0.00000114), the histogram bars have begun to contract. This contraction in the histogram indicates weakening trend strength. It also raises the possibility of a bearish crossover if the MACD line falls below the signal line.

At the time of reporting, PEPE is trading at $0.000014, showing a 1.78% decrease over the past 24 hours. The cryptocurrency’s market capitalization is estimated at about $5.71 billion, placing it 25th in the overall crypto market. Its 24-hour trading volume exceeds $1.16 billion.

PEPE is currently above the 1.618 Fibonacci extension, which is a major resistance point.

While the current technical setup does not guarantee a price drop, it suggests that traders should use caution. If historical patterns repeat, PEPE might experience a minor price decline in the near future. For current PEPE holders, this could be a good time to collect recent gains or set stop-losses to protect against potential downside.