PEPE Coin Surges 2.37% as Altcoin Season Anticipation Grows

PEPE coin has recently gained momentum, with its price increasing by 2.37% in the past 24 hours. This surge has sparked bullish sentiment within the meme coin community, leading many to speculate whether PEPE could revisit its December 2024 high.

Despite a minor pullback over the past month, PEPE's long-term performance remains robust. With Bitcoin currently consolidating around $84,000, traders are anticipating a shift into altcoins, with PEPE being a top contender for many meme coin enthusiasts. The recent price movements align with a broader narrative that altseason has yet to begin. As Bitcoin stabilizes, capital tends to rotate into altcoins and memecoins, often triggering significant price movements.

The PEPE community is highly optimistic, with many traders eyeing a retest of the coin’s all-time high from December 2024, which stood at $0.0000264. This level now acts as a major resistance target, and many believe it could be reclaimed if meme token momentum returns. Currently, PEPE stands at a price of $0.00000714, with a market cap of $3.01 billion. The trading volume remains strong, indicating healthy demand and high interest from retail and meme-focused investors.

If current trends hold and altcoin sentiment continues to improve, PEPE has a clear path toward reclaiming the $0.0000264 level. Key factors supporting this bullish prediction include Bitcoin continuing to consolidate, freeing up capital for altcoins, a rebound in retail interest in memecoins, and PEPE maintaining high volume and community engagement. However, if Bitcoin faces further downside or investor appetite cools, PEPE may return to the $0.000005–$0.0000045 range in the near term.

In summary, PEPE's recent price gains and the broader market sentiment suggest that the meme coin has the potential to revisit its December 2024 high. However, the outcome will depend on various factors, including Bitcoin's performance and the overall market sentiment towards altcoins and memecoins.