PEPE Price Could Soar 3,000% If The Bottom Is In; Analyst Explains

PEPE price surged by 6.57% in the last 24 hours, reaching $0.00000650. The move comes amid broader market volatility affecting digital assets, with PEPE's price movement drawing attention from traders monitoring technical patterns for momentum signals. The token is currently approaching the midpoint of its Gaussian channel, a formation that could indicate a trend reversal.

A key technical signal has emerged for PEPE. On Thursday, market analyst CryptoLinx identified a bullish Moving Average Convergence Divergence (MACD) cross on the weekly chart. This signal suggests that PEPE may be forming a bottom and could experience a significant price rally.

The potential for a 3,000% price surge has sparked interest among traders. If the bullish momentum continues, it could mark a new all-time high (ATH) for PEPE. The analyst emphasized the power of the weekly MACD as a true market bottom indicator, often signaling a shift from accumulation to an uptrend.

Why the Move Happened

PEPE's recent price movement is driven by broader market dynamics and technical indicators. The token has been consolidating after a prolonged downtrend, with its price stabilizing and showing signs of a rounded bottom. The bullish MACD cross on the weekly chart has been cited as a powerful signal by analysts.

Market analysts are watching a key price threshold as a potential turning point for PEPE. The token's trajectory could be influenced by its ability to break above the midpoint of its Gaussian channel, which combines the Supertrend and Stochastic RSI indicators.

How Markets Responded

Market activity for PEPE has been strong in recent days. Spot trading volume reached $1.2 billion, placing it second among meme coins after Dogecoin. Futures market participation was even higher, with $1.76 billion in leveraged trading volume reported.

The liquidation data also shows a clear shift in market positioning. Out of $3.10 million in forced closures over the past 24 hours, short sellers accounted for $2.99 million. This imbalance suggests that long positions are gaining strength.

What Analysts Are Watching

Analysts are closely monitoring the $0.00001078 level, which previously served as a launching pad for PEPE's record highs. The token struggled to maintain similar momentum in early 2025 despite showing strength during the summer months.

The Gaussian channel methodology, which integrates the Supertrend and Stochastic RSI, is being used to assess the legitimacy of the current price action. Breaking above the midpoint could signal a shift in sentiment, while failure to hold these levels might result in renewed downward pressure.

Mutuum Finance (MUTM) has also been attracting attention as a potential alternative investment. The project has raised over $19.7 million and is preparing for its V1 market launch. The token's presale has seen participation from more than 18,800 wallets, indicating broad interest.

MUTM's structured pricing model rewards early participants while signaling demand as phases fill. The token is currently priced at $0.04 in Phase 7, with a confirmed launch price of $0.06. Early buyers could see a 500% appreciation if the token reaches its launch price.