As things stand PEPE is on course to end March 2024 with over 200% month-on-month gains.

Strategic investors looking to enter new markets often seek out strong performing assets with minimal media hype.

Hence. this resilient price performance in the second half of March, under the media radar, could put PEPE in good stead for another major breakout in the coming weeks.

PEPE price forecast: Bulls looking to build on 200% gains

Based on the on-chain insights analyzed above, PEPE price looks set to enter another leg-up above $0.000010 in the coming weeks.

Existing investors are holding on to their tokens, despite 200% gains and minimal media traction. This alignment could attract eagle-eyed new entrants, the demand surge could propel PEPE price into another parabolic break out.

The Bollinger bands technical indicator also affirms this stance. It shows that PEPE has just broken below the 20-day Simple Moving Average (SMA) price.

Strategic trader could interpret this as a perfect timing to enter the market. If the bullish scenario plays out, the bulls could set their sights on the $0.000012 area, just above the previous market top.