PEPE Price Signals Strong Bullish Momentum in October

Since May, PEPE has been in a general downtrend. Selling pressure has bottomed out multiple times around $0.00000897. The price has since stabilized at this level, with some positive signs of recovery.

These data suggest that the majority of investors are not inclined to sell below this level, creating a short-term bottom, which helps us predict the price of PEPE in the short and long term.

Currently, the memecoin has increased by 42% from its September low, reaching $0.00000908 at the time of publication.

PEPE Short-Term Price Prediction

According to Fibonacci, PEPE’s next target price is between $0.00001153 and $0.00001287, based on the range of the lowest and highest prices over the past 5 months. This means that PEPE could rise by 26% at the low target price and more than 40% at the high target price.

The number of addresses holding PEPE over time can be an important basis for predicting the short-term price trend. Since April, the number of addresses holding PEPE for more than a year has increased, indicating that the majority of investors, nearly 85,000 addresses, bought the memecoin more than a year ago and continue to hold it.

We also noted a slight decrease in the number of addresses that are medium-term traders – suggesting that some profit-taking has taken place. However, the total number of addresses in this group has increased and has now surpassed PEPE’s peak in May. At its peak in May, there were around 183,000 addresses, but according to the latest data on September 25, this number has increased to over 196,000.

The number of short-term traders has also dropped sharply, from over 62,000 addresses in May to under 17,000 addresses currently. This reflects a clear shift in investor strategy towards longer-term holding. This result could reduce selling pressure, making it easier for buyers to push prices up.

In terms of long-term forecast, PEPE is likely to retest the old all-time high (ATH) of $0.000017 in the coming months, possibly by 2025. However, this will depend on whether the buying power returns strongly enough to generate a major rally as expected. The recent recovery shows a positive shift in market sentiment, giving the bulls the advantage this month.