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PEPE whales have started accumulating the memecoin as price action shows signs of bullish reversal.

Cryptocurrency prices have remained under pressure this week as concerns about tariffs remain. Another potential less-discussed risk is the soaring US debt, which has surged to $36.58 billion.

The crypto market is slowly recovering, with some coins showing modest gains. Bitcoin price has seen a slight surge, while the PEPE coin stands out with a notable 7% surge in the past 24 hours.

Major meme coins are bouncing despite the traditional stock market continuing to decline amid President Donald Trump's trade war.

Pepe, the third-biggest meme coin, has been in freefall since December, but two chart patterns point to a strong rebound soon. Pepe (PEPE) jumped to a record high of $0.00002833 in December before crashing by over 80% this month.

The recent buying spree of 689 billion PEPE tokens has sparked curiosity among investors and traders. Three wallets, all linked to Tornado Cash, accumulated these massive amounts of tokens in a short period, indicating potential risk-on positioning.

The cryptocurrency market has seen a slight recovery, with Ethereum prices hovering around $1,900. This follows a recent surge of 1.81% in the ETH coins market capitalization in the last 24 hours.

Three whale addresses bought up a total of 2.6M PEPE, valued at over $4.3M. The addresses were funded by TornadoCash, sparking suspicions that hackers used PEPE to launder funds.

The cryptocurrency market is slowly turning away from the turbulent phase, especially as Pepe Coin and other tokens show signs of recovery. With returning investor interest, whale activities, and a bullish pattern, the PEPE price has surged 7% in the last 24 hours, surpassing many of its competitors.

Pepe (PEPE), the popular and world's third-largest meme coin, appears to be reclaiming its crucial support level, which it lost during the recent price decline. Today, March 12, 2025, the overall cryptocurrency market is recovering. Amid this, PEPE has registered a significant 13% rally and is reclaiming its crucial support level of $0.0000063.

Frog-themed cryptocurrency Pepe has seen a huge dip in price, falling about 79% from its all-time high of $0.00002825 set in early December 2024. This downturn has been compounded by the emergence of a "death cross" pattern, a technical indicator that signals bearish momentum.

The crypto market is imploding, with the total market capitalization in the industry crashing from over $3.5 trillion in November to $2.58 trillion. Bitcoin and most altcoins like Shiba Inu, Pepe, XRP, and Pi Network have all retreated by double digits from their 2024 highs.

PEPE could see a bounce back in the market.

During the current crypto downtrend, memecoins have been hit hard. Although top-ranking memecoins $DOGE, $SHIB, and $PEPE, still have large market caps, are they on a trajectory to zero, or can a renewal of the bull market still send them to higher highs?

Lacking a strong support base, PEPE faces the risk of an extended breakdown.

With PEPE coin prices sinking and selling pressure intensifying, investors are questioning whether the meme coin can survive.

PEPE has continued its downward trajectory, hitting a six-month low of $0.00000670. The meme coin's sustained losses have significantly eroded investor confidence, leading even uncertain holders to pull back.

With major shifts in the crypto space, some meme coins are proving they have staying power, while others quickly fizzle out. The recent rise and fall of projects like the Trump meme coin and Argentina's Libra token have shown that market trends can be unpredictable.

Frog-themed cryptocurrency PEPE has been trending downward since reaching an all-time high of $0.00002825 in early December 2024. Taken from this high, PEPE is down nearly 75%.

Pepe Coin's price is recovering, but key resistance at $0.675 could determine its next move. Break through or rejection?

Pepe price remains in a deep bear market after plunging more than 75% from its all-time high of $0.000028. Pepe (PEPE) dropped to $0.000071, mirroring the performance of most meme coins, which have crashed over the past few days.

While meme coins like PEPE have gained attention for their rapid price swings, many investors are shifting focus toward projects with real financial utility. Mutuum Finance (MUTM) is emerging as a strong alternative, offering a structured lending ecosystem that goes beyond speculation.

Meme coin PEPE has been hovering near a crucial support level over the past few weeks, following a sustained decline that began at the start of the year. Interestingly, a crypto analyst on TradingView has highlighted this price support as a make-or-break level for PEPE, suggesting that a breakout above this zone could spark a 400% rally toward $0.0001.

The $0.000073 zone was a lower timeframe resistance zone and could present a selling opportunity upon a retest.