PeiPei (ETH: $PEIPEI), also known as the “China Frog Coin,” has made waves in the crypto world recently, emerging as one of the top gainers with a 37.25% surge in the last 7 days. That brings a question of whether the China Frog Coin is Still a buy.
Despite this weekly impressive rally, its long term price action and technicals raise more questions about whether it’s a good buy right now.
Here is a dive into our analysis to uncover what’s happening with PeiPei and whether it holds potential for buys right now.
As of writing, PEIPEI is trading at $0.073830 and holds a market cap of $16.12M. Its maximum market supply sits at $420.69 trillion PEIPEI while the current circulating supply is 420.68 trillion PEIPEI.
While the coin has caught much attention recently, its monthly performance shows minimal gains of just 1.2% as of writing, while its yearly gains stand at just 15%. This therefore raises the question: is this recent weekly spike a sign of a trend reversal or just a temporary pump?
Technical Analysis
Daily Timeframe
On the daily chart, PeiPei has remained bearish since late July 2024. After a period of consolidation between August and January 2025, it broke and closed below the ranging channel in late January. A sign of potential bearish continuation. Since then, the coin has continued to trend bearish with its formation of lower highs and lower lows.
PEIPEI: 1- Day Chart
However, a shift in trend has recently occurred. PeiPei managed to break and close above a descending trendline. This is a potential early sign of a trend reversal, but more confirmation is needed before calling it a true shift in momentum to capitalize on buys.
4-Hour Timeframe
Looking into the 4-hour chart, PeiPei appears to be forming a Head and Shoulders pattern. A pattern that often signals a potential bullish reversal. As it stands, the key level to watch is around $0.000000042750, where the recent weekly surge faces a strong resistance.
PEIPEI 4-Hour Chart
Looking ahead, PeiPei needs to break and close above the $0.000000042750 resistance level to confirm strong buying momentum and potential reversal. If it fails, the bearish trend is likely to continue, with the next support level at around $0.000000025053, which aligns with the right shoulder of the pattern.
Is PeiPei Still a Good Buy?
At the moment, PeiPei is still in a bearish trend in the long term. While the weekly performance is encouraging, the overall structure is still bearish. For those considering a buy, waiting for clear confirmation such as a break above the key resistance level is crucial.
Alternatively, more cautious traders might look for an entry near the right shoulder support if the pattern completes and gives a confirmation confluence. This could provide a lower-risk entry point with a clearer structure while targeting the resistance level at around $0.000000102000.
Click Here For Updates on PEIPEI – It’s FREE to Sign Up for Text Message Notifications!
Disclaimer: This website provides information about cryptocurrency and stock market investments. This website does not provide investment advice and should not be used as a replacement for investment advice from a qualified professional. This website is for educational and informational purposes only. The owner of this website is not a registered investment advisor and does not offer investment advice. You, the reader / viewer, bear responsibility for your own investment decisions and should seek the advice of a qualified securities professional before making any investment.
