PEPE Price Prediction – PEPE Could Drop Below $0.00000500 Despite Rebound

Highlights:

• PEPE has made an intra-day rebound after Bitcoin held key support
• Rebound weak as volumes point to low investor interest 
• A further Bitcoin correction could see PEPE crash through support 

Pepe (PEPE), like most cryptocurrencies today, has rebounded. At the time of going to press, PEPE was trading at $0.00006491, an increase of 24% in the last 24 hours. However, PEPE trading volumes have dropped by 2% in the same period to stand at $939 million. This could indicate that despite the price rebound, most investors are still watching from the sidelines. 

Such actions could be driven by fears that the pump is temporary as the macro-environment, which is why the market crashed, has yet to send any bullish signals. From a look at the markets, PEPE could potentially erase all its gains in the last 24 hours. 

PEPE Rebound Triggered By Bitcoin Price Action

One of the factors that hints at such a possibility is Bitcoin’s price action. Most altcoins have experienced some gains today after Bitcoin held above the $78k support level. However, Bitcoin appears to have lost momentum just below the $84k minor resistance.

This could indicate that bears are still in control and there isn’t enough volume to push Bitcoin higher. If this leads to a Bitcoin correction back to $78k, it could pull the rest of the market along. The result is that PEPE, being a memecoin, could drop even harder because altcoins tend to move faster in whatever direction Bitcoin is moving. 

Macro-Environment Could Push PEPE Price Lower

Besides the apparent lack of volumes, many factors in the macro-environment could trigger a reversal of fortunes for PEPE. One is that US tariffs on European steel are being enacted today. Even worse, the EU has announced that it is swiftly implementing reciprocal tariffs, which is expected to put more pressure on prices globally. 

🇪🇺 The EU retaliates against Trump's trade moves and slaps tariffs on produce from Republican states https://t.co/SFItAQci2r pic.twitter.com/b6q5GcQaZV

— Ken McCafferty (@kenm77) March 12, 2025

This could see a further investor exit from high-risk assets as the possibility of a recession becomes increasingly accurate. If this triggers a selloff in the US stock markets, the same could spill over into the cryptocurrency market. For memecoins like PEPE with no fundamentals, this could mean adding a zero to its price in the short term. 

PEPE Could Be Hurt Further By Declining Interest in Memecoins

PEPE is likely to struggle because investors’ interest in memecoins is waning. While memecoins like PEPE did well in 2024, the saturation of Solana memecoins, many of them rug pulls, has seen investors increasingly shift away.

The shift has been compounded by President Trump’s move to launch a memecoin, which cost investors billions after falling from over $70 to $10. With such low sentiment in memecoins and a global environment that increasingly points to a possible recession, the odds of PEPE continuing the intra-day rebound are low. 

Will $TRUMP Coin survive? pic.twitter.com/MSNcP5qOaK

— More Crypto Online (@Morecryptoonl) March 11, 2025

Technical Analysis – PEPE Price Trending Towards Resistance

From the charts, PEPE is trending towards the $0.00000719 resistance. If bulls are strong enough to push PEPE through this resistance, the price could rally to $0.00000876 in the short term. Conversely, two scenarios could play out if bears regain control and push PEPE back to the $0.000000584 support.

The first is a possible consolidation between the $0.00000719 resistance and the $0.00000584 support. However, if bears take control and push the price through the $0.00000584 support, then chances are that PEPE could add a zero to its price. That’s because it would indicate weakness at a time when investor interest in high-risk assets is on the rise.