Pepe Coin (PEPE) is again gaining track of the crypto world. At the moment, the digital asset is priced at $0.00000718, with indications of a huge upward trend. The previously reinvigorated enthusiasm is anchored by crucial indicators on the chain. Moreover, the historic price action appears to be fitting the current movement in the market precisely. Therefore, a good number of the population in the community are becoming highly hopeful of the future.
History Repeats Itself—PEPE Prepares to Make a Monster Move
The biggest argument behind a significant price action is the technical charts. The price behavior of September 2023 to February 2024 is being compared to that of September 2023 to October 2025. Indeed, the two charts have almost the same market cycles.
This involves the accumulation of this, significant rallies, and the pulling back. The chart on the price action of the current period seems to be reflecting the setup that is going to lead to a major breakout that had taken place earlier in the year.
Hence, according to history, there is a possibility that PEPE is about to experience another significant price explosion. The effect of this phenomenon is that it invokes a high degree of anticipation in the investors.
PEPE Sitting on the Launchpad Moon Mission Loading
Taking a closer look at the charts, one may conclude that PEPE is undergoing an essential bottoming. This important phase is indicated by the blue-circled areas on the price chart. This trend points to the fact that the selling pressure must have died out.
Besides, the coin is currently set to experience a prolonged positive trend. It is a conventional technical analysis indicator. Because of this reason, several traders consider it as the final big challenge before ascending.
The price level at the point of $0.00000718 is at a crossroads. To ensure the bullish scenario, it is necessary to sustain this level. It is evident that the mood is turning from the cautious approach of buying to the aggressive buying mode.
PEPE Hype is Real! 79 Holders Join in
The count of individuals owning PEPE has remained on its consistent upward trend. The cumulative number has already hit 490,800 holders. Notably, this figure represents a slight yet favorable growth of 0.012%.
This increased number of holders is a very important measure. In particular, it shows long-term and widening attention to the coin. An increasing number of people holding indicates that there is always a new inflow of money.
In addition, it implies that the society is growing, and it offers a strong base. This natural evolution helps the coin to be stable and resilient in the long run. Therefore, the growing holder base supports the plot of perpetual hype and adoption.
PEPE Volume Explodes! Spares of Memes Sparked by TVL Surge
The hype of $PEPE is also evident in the ecosystem indicators. The PepeTeam protocol has a Total Value Locked (TVL) of 2.76 million at this moment. Specifically, most of this TVL is on the Waves chain ($1.89 million).
Good and expanding TVL is usually accompanied by better investor confidence and usage. Besides this, dramatic spikes have been witnessed in the trading volume recently.
The orange vertical bars of the DeFiLlama chart represent this. As a result, the increase in TVL and trading volume brings a new impetus. This lively motion would compound the monster move everybody is looking forward to.
