Architectural Concept Design Collection

  • CONTACT
  • MARKETCAP
  • BLOG
Finances Investing and Crypto News
  • BOOKMARKS
  • Finance
  • Investment
  • Crypto
    • Bitcoin
    • Blockchain
    • Ethereum
    • Forex
    • Tether
  • Market
    • Binance
    • Business
    • Investor
    • Money
    • Trading
  • News
    • Mining
    • NFT
    • Stocks
Reading: Pepe price gets extremely overbought: is a reversal coming?
Share
  • bitcoinBitcoin(BTC)$104,635.85
  • ethereumEthereum(ETH)$2,520.38
  • tetherTether USDt(USDT)$1.00
  • rippleXRP(XRP)$2.17
  • binancecoinBNB(BNB)$656.46
  • solanaSolana(SOL)$155.73
  • usd-coinUSDC(USDC)$1.00
  • dogecoinDogecoin(DOGE)$0.191423
  • tronTRON(TRX)$0.268349
  • cardanoCardano(ADA)$0.68
Finances Investing and Crypto NewsFinances Investing and Crypto News
0
Font ResizerAa
  • Finance
  • Investment
  • Crypto
  • Market
  • News
Search
  • Finance
  • Investment
  • Crypto
    • Bitcoin
    • Blockchain
    • Ethereum
    • Forex
    • Tether
  • Market
    • Binance
    • Business
    • Investor
    • Money
    • Trading
  • News
    • Mining
    • NFT
    • Stocks
Have an existing account? Sign In
Follow US
© Foxiz News Network. Ruby Design Company. All Rights Reserved.
Finances Investing and Crypto News > Blog > Crypto > Ethereum > Pepe price gets extremely overbought: is a reversal coming?
EthereumMarket

Pepe price gets extremely overbought: is a reversal coming?

admin
Last updated: 12/05/2025 8:08 Chiều
admin
Published 12/05/2025
Share


Pepe Coin price continued its strong rally on Monday, reaching its highest level since January.

Pepe (PEPE), the third-biggest meme coin after Dogecoin (DOGE) and Shiba Inu (SHIB), jumped to a high of $0.00001535, up 180% from its lowest level this year. The rally occurred as its 24-hour trading volume surged to over $3.2 billion, higher than the combined volumes of Shiba Inu, Official Trump, and Bonk.

It also rose as demand in the futures market gained momentum, with open interest hitting a record high of over $662 million. This marks a significant increase from the March low of $165 million, when Pepe was in a prolonged sell-off.

Pepe’s rally accelerated after last week’s Ethereum (ETH) breakout, which pushed ETH to $2,500 from last month’s low of $1,387. In most cases, ERC-20 tokens perform well when Ethereum is in a strong uptrend.

Like other cryptocurrencies, Pepe is being buoyed by renewed trade optimism after the US and China agreed to lower tariffs. The 145% tariff on Chinese imports will drop to 30%, while the 125% levy on US goods will be reduced to 10%. The two countries have agreed to continue negotiations aimed at improving bilateral relations.

A potential trade deal between the United States and China, and between the US and United Kingdom, opens the door for broader global trade deals. This has raised investor optimism that US inflation will ease, increasing the likelihood of Federal Reserve interest rate cuts.

Pepe price prediction

Pepe price
Pepe chart | Source: crypto.news

The ongoing Pepe Coin price surge is in line with what crypto.news predicted several times, including here, here, and here. These forecasts focused on the large falling wedge pattern that had formed on the daily chart. This pattern, defined by two descending and converging trendlines, typically signals a bullish breakout.

Pepe also formed a double-bottom pattern around the $0.0000057 level and has now moved above the neckline at $0.000009212. This double-bottom is a widely recognized bullish reversal formation.

However, one risk is that Pepe has become significantly overbought, with the Relative Strength Index rising to 84. Historically, such conditions often lead to brief pullbacks as investors take profits.

If this reversal happens, the next key level to watch will be at $0.000009212, the neckline of the double-bottom pattern, roughly 35% below the current price. A decline to this level would still be considered bullish, forming part of a ‘break-and-retest’ setup, which is a common continuation pattern.

You Might Also Like

$20 resistance flip signals 41% upside potential

Abraxas Capital withdraws $297M in ETH, signaling a bullish market shift

Moody’s U.S. downgrade triggers sell-off

Monero price tumbles, but indicators point to a rebound

Polygon-backed Katana launches private mainnet with upcoming 15% KAT airdrop to POL stakers

TAGGED:comingextremelyoverboughtPepepricereversal

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Email Copy Link Print
Previous Article Trump-linked American Bitcoin merges with Gryphon Digital Mining
Next Article KindlyMD stock explodes 650% on Nakamoto merger, Bitcoin treasury strategy
Leave a Comment

Để lại một bình luận Hủy

Email của bạn sẽ không được hiển thị công khai. Các trường bắt buộc được đánh dấu *

Follow US

Find US on Socials
FacebookLike
- Advertisement -
Ad image
Popular News
$161m floods startups as prices sway
Emergency Funds: Importance and How to Build One
Debt Management: Strategies to Pay Off Debt Efficiently
Riot Platforms unloads 475 BTC in its biggest single-month Bitcoin sale to date
Revolut partners with Lightspark to add Bitcoin Lightning for UK and EEA users
- Advertisement -
Ad image

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Twitter Youtube Telegram Linkedin
Finances Investing and Crypto News

FICN.net brings you the latest in finance, investment, and crypto. Stay informed with expert insights, market analysis, and beginner guides. Whether you're new or experienced, FICN.net helps you explore opportunities, manage risks, and make smarter financial decisions in a fast-changing world.

Subscribe to our newsletter

You can be the first to find out the latest news and tips about trading, markets...

Ad image
© 2024 Finance, Investment, and Crypto News. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?