Pepe Coin Surges 7%, Outperforming Dogecoin, and Shiba Inu: A Bull Rally Ahead?

The frog-themed meme coin, Pepe Coin, has experienced a 7% price increase, surpassing Dogecoin (DOGE) and Shiba Inu (SHIB). Recent Ethereum-based token momentum signals analysts to believe this price hike will trigger a bull rally for PEPE. Pepe Coin attracts crypto enthusiasts and investors as whales show growing interest in the meme coin to break through essential resistance levels.

The Pepe Coin Rally: A Surge Against the Trend

Recently, Pepe Coin (PEPE) has delivered stronger performance than Dogecoin and Shiba Inu, which remain two of the dominant meme coin counterparts. On March 18, PEPE achieved a notable increase of 7% as of writing, even though most cryptocurrencies plummeted. Dogecoin declined 2% to the downside, while Shiba Inu dropped 5% of its value during this same extended period of market movement.

Accompanying the noticeable price movement in the Pepe market is its daily trading volume, which has spiked 46% to $826.65M. This indicates heightened market activity in the Pepe market, which could stir further upside in the market. Pepe Coin holds the second position for meme coin market activity in the last 24 hours trailing only behind Dogecoin. The rising investor interest in $PEPE and its market resurgence puts this asset on track to be a prominent market observer in the coming days.

Bullish Technical Indicators and Analyst Predictions

A popular crypto analyst Ali Martinez has drawn attention to PEPE’s chart as he has identified a positive technical pattern. According to Martinez, the hourly chart displayed an inverse head-and-shoulders pattern, which he pointed out as a crucial bullish technical reversal pattern. The pattern signals the end of the downward trend and makes a price increase to higher levels possible.

The critical resistance level for PEPE is $0.0000075, corresponding to the neck level of the formed inverse head-and-shoulders pattern. PEPE can experience a 40% price spike as the analyst highlights a potential breakout to $0.0000075 resistance, targeting $0.0000100 levels. The defence at $0.0000075 establishes an essential threshold for Pepe Coin, where investors anticipate that a sustained break will trigger a bull market for the token.

$PEPE could be about to enter a bull rally! pic.twitter.com/7fJj9ZjxAf

— Ali (@ali_charts) March 18, 2025

Many crypto investors now focus on Martinez’s analysis because some see it as an initial indication of broad market shifts. According to current trends, a price surge in PEPE might occur, enhancing its position as a major meme coin in the market.

Whale Interest and Growing Investor Confidence in Pepe Coin

Various indicators show that major investors known as “whales” are actively increasing their interest in Pepe Coin. Based on IntoTheBlock data, the transaction volume of PEPE has grown by 25% to over  100,000. Many major investment money is actively entering Pepe Coin markets, and investors predict additional price growth.

Image 1- published on CoinGlass on March 18, 2025.

These positive indicators come with a warning sign. Coinglass statistical data reveals an increase in open interest and volume in the Pepe market. The volume has spiked 27% to $649.78M, while the open interest has soared 12% to $ 237.48 M. This indicates intense investor confidence as new money flows into the market, which could ignite a potential bull rally. The rising investor enthusiasm and bullish chart indicators show that Pepe Coin may soon be approaching its market bullish phase.