Pepe coin is down 44% this month, pushing it below the $5 billion market cap level for the first time since November.
Is this a lucrative buying opportunity, or should traders move to an alternative such as MIND Of Pepe instead?
Pepe Loses Crucial $0.00001 Level
Potentially, the most concerning factor for Pepe right now is the loss of $0.0001, a psychologically and structurally key level.
But not only did Pepe lose this level, its price has since rested it and then dropped down again.
Currently, Pepe trades at $0.000009784 and has been consolidating below $0.00001 for approximately two weeks now.
This is an area that traders must watch closely. If Pepe loses local support, it could retreat to the next macro support of $0.0000063. However, if it reclaims $0.00001, the chart begins to look healthier.
So that begs the question, what way will Pepe move next?
Analysts Anticipate Near-Term Pullback
Prominent trader Crypto Knight suggests that Pepe could see a near-term pullback, pushing its price to the range low before its next leg up can commence.
It’s important to underline the latter part, however. The analyst anticipates an uptrend continuation once Pepe tests its new macro range lows.
$PEPE pic.twitter.com/vKYaw6tzb3
— KNIGHT $INJ TO 100$ (@cryptoknight890) February 8, 2025
Meanwhile, analyst GhostMMXM anticipates a “bull trap” where Pepe briefly breaks the resistance level before another selloff plunges it toward the $0.00006 level.
$PEPE pic.twitter.com/OWaOpIrmhc
— GhostMMXM (@GhostMMXM) February 17, 2025
Pepe boasts a $4.1 billion market cap and a $994 million 24-hour trading volume. Based on its current price, it’s 65% lower than its all-time high (ATH), which occurred two months ago.
The high occurred primarily due to a listing on Coinbase, but the bearish market conditions in the aftermath caused this significant selloff, according to analyst Max Schwartzman.
Schwartzman notes that Pepe is now back to its pre-Coinbase listing levels and holding the range well. He alludes to this as a positive sign for the project’s future.
While Pepe’s near-term outlook is uncertain at best and bearish at worst, analysts are more optimistic about its long-term potential.
With that in mind, we could expect to see a potential low of $0.000006 occur this month, but a move toward its $0.00002825 ATH will likely occur before the year ends.
But it isn’t all doom and gloom in the crypto market right now, a new AI agent meme coin called MIND Of Pepe is generating a massive buzz among top analysts.
Prominent Traders Say MIND Of Pepe Can 100X After ICO
The MIND Of Pepe AI agent will soon be launched on the Ethereum network to change how users interact with market data.
$MIND is currently available to buy via a token presale, where it has raised $6.4 million so far.
The AI agent can autonomously write tweets, monitor trends, launch tokens, and engage with apps. $MIND holders get exclusive access to trend analysis and insider information on token launches.
Pepe is currently worth $4.1 billion with zero utility. MIND Of Pepe is a new project with the same meme coin allure, but it also works 24/7 to provide its community with trading opportunities – and it is worth just $6 million so far.
It’s because of this that prominent industry analysts are calling MIND Of Pepe one of the most promising cryptocurrencies on the market. In a recent YouTube video, Jacob Bury told 99Bitcoins’ 700K subscribers that $MIND could 100x in price.
The current MIND Of Pepe presale price is $0.0033454, but this will rise throughout the campaign, with the next increase in under one day.
As such, prospective investors should act fast to secure the most value for money.
