The price of Pepe coin has experienced a significant downward trend in recent months, but there are several reasons why it may surge soon. Despite the bearish pressure and the potential formation of a death cross pattern on the daily chart, there are bullish catalysts indicating a potential price increase. The MACD indicator has formed a bullish crossover, the RSI has crossed a descending trendline, and the coin has formed a falling wedge pattern, all of which are positive signals. Additionally, the coin's short-term MVRV indicator has moved to the red zone, indicating the possibility of a strong rebound. Onchain data shows that holders are not selling, with the number of Pepe holders increasing. Pepe coin remains popular in the industry and continues to attract demand, with high trading volume. The stabilizing futures open interest is also seen as a contrarian catalyst for buying. It is worth noting that Pepe coin has experienced both ups and downs since its launch, suggesting a potential strong rebound after this retracement.



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