Can PEPE See A Breakout In February 2025 As PlutoChain Attracts Whale Attention

Pepe Coin has seen a sharp decline of over 3% in the last 24 hours, but many users remain optimistic about a potential rebound in the coming weeks.

There’s even speculation that PEPE could reach the ambitious milestone of $0.01, but let’s analyze the technical data to see how realistic this target might be.

Meanwhile, another new project that could generate buzz is PlutoChain ($PLUTO).

 This hybrid Layer-2 network might have what it takes to unlock Bitcoin’s full potential by integrating advanced functionalities.

In this analysis, we’ll explore the latest developments for both projects.

Pepe Coin (PEPE) Technical Data & Chart Analysis – Can Traders Expect $0.01 in February 2025?

Pepe Coin (PEPE) is currently trading at approximately $0.000017, with a 5.01% decrease over the past 24 hours. Over the past week, the coin has seen a decline of about 3.4%, which shows sustained bearish momentum.

Currently, PEPE’s Relative Strength Index (RSI) is at 44.68, so the project is in neutral market conditions with no clear overbought or oversold signals.

PEPE’s price is trading below the 50-day moving average, so we may see bearish sentiment in the short term. However, the 200-day moving average remains higher, and any crossover of these averages could help.

A golden cross (where the 50-day MA moves above the 200-day MA) could mean a potential bullish reversal.

In terms of technical levels, immediate resistance for PEPE lies around $0.000018, while key support is near $0.0000167. Traders may keep a close watch on these levels to anticipate potential breakouts or corrections.

A crypto whale, who previously netted $11 million in profits, recently reinvested a massive $24.5 million into PEPE, according to Lookonchain data.

In November 2024, PEPE grabbed headlines when Robinhood and Coinbase added it to their platforms, which led to a price surge. Following the listings, PEPE rallied by over 50%.

Jameson, a crypto analyst on X, highlighted a bullish chart setup for PEPE and pointed out Ethereum’s (ETH) potential to regain dominance, which could indirectly benefit the meme coin.

While Ethereum has faced stiff competition from rivals like Solana during this market cycle, experts, including Jameson, expect ETH to regain momentum later, creating a more favorable environment for PEPE.

Jameson even speculates that PEPE could flip Shiba Inu and potentially achieve a $50 billion market cap—equivalent to a 6.8x gain. If this scenario materializes, PEPE’s price could climb to approximately $0.0001192.

Is PlutoChain’s Layer-2 Foundation the Next Step in Bitcoin’s Evolution for Decentralized Finance?

PlutoChain ($PLUTO) could represent a major advancement for Bitcoin’s blockchain, introducing a Layer-2 solution that enables smart contract functionality and decentralized applications.

This upgrade may address some of Bitcoin’s long-standing limitations while preserving its highly secure infrastructure.

Bitcoin’s 10-minute block time has historically limited its ability to support more complex applications. Competing platforms like Ethereum, Solana, and Cardano have developed faster transaction speeds and greater functionality.

PlutoChain’s Layer-2 architecture might bridge this gap by offering a block time of approximately 2 seconds. It could allow developers to deploy smart contracts that leverage Bitcoin’s trusted network.

The protocol’s testnet has reportedly demonstrated the capability to handle about 43,200 transactions per day, suggesting that it may be ready for real-world applications.

PlutoChain also puts a major focus on community governance, which lets users influence its future development.

In terms of security, the project has undergone audits by well-known firms such as SolidProof, QuillAudits, and Assure DeFi.

Additionally, PlutoChain’s Ethereum Virtual Machine (EVM) compatibility might streamline the migration of Ethereum-based applications to Bitcoin’s ecosystem, creating a potential bridge between Ethereum’s expansive development environment and Bitcoin’s robust network.

The Bottom Line

Pepe Coin has a real chance to see new price surges in the next few weeks, especially with the broader market rally getting ready ahead of Trump’s inauguration.

In the meantime, attention could shift to new projects with robust technological features. One project is PlutoChain, which might attract interest in the coming weeks due to its ambitious approach to blockchain advancements.

If these features gain traction, PlutoChain could play a big role in shaping Bitcoin’s functionalities within decentralized finance.  

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This article is purely informational and should not be interpreted as financial advice. Readers are encouraged to carry out their own due diligence. Predictions involve risk and may not undergo updates.