Pepe Coin Skyrockets 55% Against Bitcoin — Is This the Start of a Major Comeback?

Jakarta, Pintu News – The price of Pepe Coin has surged by 53% in the past two weeks, making it one of the best performing assets in the crypto market.

Against Bitcoin , this meme coin increased by 55% in just one week, demonstrating its strength. However, despite the significant gains, some key technical and on-chain signals indicate that a trend reversal may be forming for the PEPE token.

Pepe Coin’s PEPE Token Surges 55% Against BTC

As mentioned earlier, Pepe Coin’s price experienced a strong surge this week, recording a 55% gain against Bitcoin in just one week. This performance makes it one of the best performing meme coins, even though Solana’s Fartcoin is currently the talk of the town.

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With the current PEPE price at 0.0000000001325 BTC, the psychological level of 0.00000000010 BTC has now turned into a support zone.

However, as the PEPE rally may begin to weaken, a number of technical and on-chain signals point to a potential price correction.

PEPE Price Reached Its Peak, Is a Trend Reversal Coming?

The PEPE/BTC chart, indexed to 100 for clarity, shows that the price trend failed to break the 72.22 peak level last formed in late January 2025.

As Pepe Coin weakens against BTC, this downtrend could be a confirmation of a bearish reversal if the price breaks the support level at 61.59.

In the event of a decline confirmed by a daily close below 61.59, this would be a strong signal that a downward trend reversal is underway.

Pepe Coin price predictions show the next downside target to be at 41.82, then 40.11.

With the risk of PEPE losing its strength against BTC, investors are advised to consider realizing profits from the bullish rally before a sharp decline occurs.

Unrealized Profit Confirms Potential Crash for Pepe Coin

From an on-chain perspective, PEPE’s Market Value to Realized Value (MVRV) ratio chart shows a strong chance of a trend reversal. MVRV data depicts the average unrealized profit of token holders compared to the price at which they purchased them.

A higher ratio means greater unrealized profits, which increases the likelihood of a mass sell-off.

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Currently, the 30-day MVRV ratio stands at 25.82%, having previously fallen from extreme levels near 40% marked on the MVRV chart. This decline reflects a minor cooling phase in the bullish trend due to profit-taking.

In addition, historical records show that Danger Zones 1 and 2 have often been indicators of price tops forming in the past. If this pattern repeats itself, the price of PEPE has the potential to drop further.

With this decline, the MVRV ratio is now close to Danger Zone 1, which stands at around 20% – a level often associated with profit-taking by short-term holders.

After last week’s price surge, many short-term holders now have large unrealized gains, increasing the risk of a quick sell-off of PEPE.

Therefore, a high MVRV ratio indicates the potential for a sharper correction due to the exit of short-term holders.

Conclusion

PEPE’s recent price surge reflects increased risk appetite among crypto investors. However, the overlap between technical resistance and heated on-chain indicators is a warning that a price correction could be imminent.

If the PEPE/BTC price chart shows a daily close below the 61.59 support level, then confirmation of a bearish trend reversal will occur.

As such, traders are advised to consider realizing profits or adding trailing stops to closely monitor the potential breakdown.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coingape. Pepe Coin Soars 55% Against Bitcoin, Is a Reversal Brewing? Accessed on May 16, 2025