Crypto analyst Plazma predicts that PEPE is preparing for a major move as its 200-day moving average begins to slope upward.
He argues that this shift could trigger algorithmic buying and reprice the token toward its all-time high. Market data shows PEPE is holding a long-term uptrend, but other indicators suggest the rally is not yet confirmed.
The 200-day moving average tracks the average price of PEPE over the past 200 days.
When it slopes higher, traders often treat it as a signal of long-term strength. Plazma said the indicator should turn upward “within a week,” which may bring fresh demand from automated trading systems. He believes this could push PEPE into a repricing phase that could direct it towards an ATH.
PEPE Holds Long-Term Trendline, But Struggles Below 200-Day Average
PEPE traded just below the 200-day exponential moving average at $0.00001218 on Aug. 19, while defending an ascending trendline in place since March. Shorter-term moving averages — 20, 50, and 100 days — are clustered under price, showing compression that often precedes sharp moves. The Relative Strength Index (RSI) stands at 45, a neutral level that signals neither strong bullish momentum nor oversold weakness.
Binance led spot activity with $2.87 million in trading volume, followed by Kraken at $1.22 million and OKX at $1.02 million.
Net flows showed $228,000 moved into Kraken, with smaller inflows at Binance and OKX. Inflows suggest tokens may be positioned for selling, raising caution for near-term price action.
Derivatives data shows PEPE futures volume rose 15.9% to $1.58 billion, but open interest fell 0.65% to $611 million, suggesting traders closed contracts rather than adding new exposure. Long/short ratios also diverged: Binance accounts were nearly balanced at 0.96, while OKX leaned heavily long at 3.18. Liquidation data showed more short positions wiped out than longs in recent sessions, which supports upward pressure but also reflects speculative trading.
On-chain volume has declined since May, when daily activity exceeded 3 billion. Current levels near 504 million show weaker participation, which limits the strength of a breakout unless activity rises again.
Upside Hinges on $0.000014 Breakout; Downside Risk Near $0.000008
Some analysts’ bullish calls are partly supported by the intact trendline and the pending 200-day moving average slope change. However, falling volumes and uneven exchange flows create headwinds.
For bulls, a breakout above 0.00001200–0.00001400 with expanding volume could open a path toward the 0.000016–0.000017 range, last tested in early summer. If momentum continues, retesting the all-time high near 0.0000175–0.000018 becomes possible.
If PEPE fails to reclaim the 200-day EMA and loses trendline support, analysts see risk toward the 0.000009–0.000008 zone, with deeper support near 0.000006–0.000004.
Plazma’s forecast of a breakout is based on a credible long-term signal. Current technicals show the uptrend remains intact, but participation has weakened, and inflows suggest caution. A move toward the all-time high will require stronger trading volume and sustained demand across spot and derivatives markets.