After months of consolidation and heavy market turbulence, PEPE may be nearing a turning point. The token has gained over 2,2% in the last 24 hours, now trading at $0,00000743, as investor sentiment across the crypto space begins to shift from fear to renewed optimism.

Memecoin Momentum Builds After Prolonged Correction

Following a major market-wide sell‑off, PEPE struggled within a downward channel for nearly four months. That consolidation phase may now be nearing its end. According to analyst Andrew Griffiths, this extended pattern often precedes sharp price moves, and PEPE could soon break free from its trading range.

Griffiths points to the ~$0,0000105 level as a potential breakout target – the so‑called “blue wave” – that could reignite retail enthusiasm and push the memecoin back into the spotlight. However, if the breakout fails to materialize, the token may revisit lows near $0,00000450, making this a make‑or‑break moment for bulls.

Volatility Remains – But Retail Interest Could Return

With Bitcoin’s rally dragging the broader market out of bearish territory, speculative tokens like PEPE are starting to benefit from improved risk appetite. The project’s large trading volume ($588,3 million in 24 hours) and strong community backing suggest there’s still interest – but PEPE must deliver on this momentum before attention fades.

Heading into Q2 2025, PEPE’s trajectory remains tightly tied to market sentiment. A breakout above resistance would not only validate bullish setups but could spark a wave of renewed retail inflows and push market cap visibility even higher. Until then, traders are watching closely as the memecoin hovers on the edge of a critical technical move.

See also: PEPE Gains Momentum as Whales Accumulate—Is a Rally in Sight?