The cryptocurrency market has seen notable fluctuations on February 12, 2025, as trading activity has once again slowed down significantly over the past 24 hours. This downturn has caused the total market capitalization to plummet by more than $50 billion. Despite this overall decline, several altcoins have shown remarkable growth, attracting the attention of both traders and investors.
One of the most discussed tokens today is B3, which has skyrocketed by 162% within the last 24 hours. According to BeInCrypto, the Directional Movement Index (DMI) on the four-hour chart indicates bullish momentum, with buyer pressure outpacing selling activity. Currently, the positive directional indicator (+DI) is positioned above the negative directional indicator (-DI), signaling strong upward trends. If this bullish trend continues, B3 could break through the resistance level at $0.016, aiming for its all-time high of $0.019. On the flip side, if bearish trends gain traction, there is potential for the price to drop to $0.011.
Another standout altcoin is Solayer, which is based on the Solana platform. Its native token, LAYER, has become trendy following a recent genesis airdrop. This event, implemented on Tuesday, provided token access to early applicants, with the project stating benefits would continue through mechanisms dubbed "Epochs" for the next six months. Although LAYER has drawn interest, it has faced pressure due to some recipients choosing to sell their assets, resulting in its current downturn of 4.21% over the same 24-hour period. If selling persists, LAYER might dip below $1, reaching as low as $0.92. Conversely, if selling activity decreases and buyer pressure rises, LAYER could surpass $1.13, potentially hitting $1.21.
Meanwhile, the BERA token from Berachain has struggled since its launch, showing weak performance with prices declining by 8.4% over the last day. Presently, the Relative Strength Index (RSI) on the four-hour chart indicates a neutral/slightly oversold state at 39.48. This suggests the possibility of either continued downturn or price reversal if the trend weakens. Should negative trends persist, BERA may trade around $3.93; yet, if there's a bullish reversal, it could rally to $8.11.
Turning to the memecoin sector, PEPE has garnered substantial attention as it rises, shedding one zero from its prior price amid broader market recovery. The surge has made 36.95 trillion PEPE tokens profitable, amounting to 56.6% of total holders, according to IntoTheBlock. PEPE's current price is $0.00001054, reflecting a 7% increase over the last 24 hours, which fuels investor optimism. Notably, 28.05 trillion PEPE tokens—around 42.96%—are currently classified as "out of the money," with just 0.44% at break-even levels. This data suggests a growing bullish trend as the wider cryptocurrency market shows signs of recovery.
Despite its progress, PEPE faces stiff competition from other meme based tokens. While PEPE sees modest gains, rivals like Dogecoin (DOGE) and Shiba Inu (SHIB) continue to maintain their market dominance, with DOGE priced at $0.2505, down 1.10% over the past day, and SHIB at $0.00001553, down 1.84%. Notably, the recent emergence of Trump’s coin (TRUMP) as another major player, currently trading at $15.40 (after dropping 4.09%), adds another layer of contention to the memecoin market. This competition raises questions about PEPE's ability to maintain its upward momentum amid its rivals’ allure and established market positions.
Market analysts are now pondering whether PEPE's upward trend can influence general market sentiment positively and advance its position on cryptocurrency rankings. A breach above the $0.000012 level could pave the way for PEPE to reach the $0.00002 mark within the next few weeks. Investor sentiment remains optimistic, yet caution is warranted due to the high volatility associated with memecoins. If PEPE maintains its bullish trend and buying pressure remains strong, the likelihood of testing higher resistance levels could very well be on the horizon.
Another factor potentially bolstering PEPE’s price is the speculation surrounding ETFs, which could evoke greater investor interest. Although PEPE does not currently have any ETF products trading against its price, it may benefit from the traction of rivals like DOGE and TRUMP, which both have active ETF applications. Currently, PEPE holders are enjoying profits, yet the capacity to sustain this momentum hinges on broader market trends and investor confidence.
Last month, PEPE secured registration on the Japanese exchange BitFlyer. This significant milestone reflects its ambitions for global expansion, reinforcing its presence within international markets.