Pepe (PEPE) Price Prediction For March 12
Pepe (Pepe), the popular and third largest meme coin in the world, appears to be recollecting its critical support levels, which have been lost during the recent price drop. Today, on March 12, 2025, the entire cryptocurrency market is recovering. During this period, Pepe achieved a significant 13% rally and retracted its critical support level of $0.0000063.
PEPE technical analysis and upcoming levels
According to expert technical analysis, PEPE is currently in the history of price reversal and upward rallies. Based on recent price action and historical patterns, if the Meme Coin is priced at $0.0000062, it could hit 60% in the coming days, reaching $0.000010.
However, the meme coin is still below the 200 exponential moving average (EMA) of the daily time range, indicating that it is still on a downward trend.
Current price motivation
Pepe is currently trading at close to $0.00000635, earning 13% over the past 24 hours. Meanwhile, trading volume increased by 15% during the same period, indicating an increase in traders and investors’ participation compared to the previous day.
Traders over-leverage
With its bullish outlook, traders have improved their position in the past 24 hours. Data from chain analytics firm Coinglass shows that Pepe’s open interest soared 24% over the same period, indicating bullish interest rates for traders and the formation of new open positions.
Currently, traders on the lower side have a high leverage ratio of $0.0000061 and $0.0000065 on the upper side. In the past 24 hours, they have established long positions worth $2.85 million and positions worth $1.26 million.
However, once the price moves in any direction, these excessive leverage positions will be liquidated. Furthermore, data show that traders bet on long sides significantly outweigh those on short sides.
