cryptonewsz.com
The weekly price chart of $PEPE highlights recurring patterns that have defined its market cycles over the years. According to the analysis, the token experienced a sharp correction of approximately 49.53%, which aligns with standard post-peak retracements in the volatile cryptocurrency market.
This correction followed the token’s climb to its all-time high of $0.00002825, pulling $PEPE’s price down toward the 50% Fibonacci retracement level at $0.000014267. This key level acted as a buffer against further declines, stabilizing the price and signaling a likely comeback phase.
Historical data from early 2023 and mid-2024 indicate that bullish rallies followed similar corrections. For instance, after a 66% decline in mid-2024, $PEPE cryptocurrency rebounded strongly, generating an intensified gain of over 380% to its $ATH within a short period.
Besides, in 2023, the meme token experienced an even more dramatic 86% drop, only to recover by a scenic 2,750%, showcasing its prospect for stretched growth. These patterns suggest that the current phase may represent an accumulation period, setting the stage for another likely uptrend momentum.
Can $PEPE Reclaim its $ATH?
For $PEPE cryptocurrency to reclaim its $ATH, it will need strong market sentiment and increased trading volume, both of which have been subdued during the recent correction phase. However, declining volume during sell-offs may signal diminishing bearish momentum, indicating that an accumulation phase is underway.
Assuming the bullish sentiment prevails, the token could see a resurgence in demand, pushing it past the resistance zone at $0.00002200. Breaking above this range would open the path toward $PEPE’s $ATH around $0.000028, with the next bullish target aligning near the $0.00003400 level, based on Fibonacci extensions.
Despite this optimistic outlook, losing the key support zone around the 50% Fibonacci level is the most immediate concern. A decisive break below this area could trigger a bearish continuation, with the subsequent critical support between $0.000010 and $0.0000078. This would represent a further decline of approximately 34%–39% from current levels, putting the cryptocurrency in a precarious position.
Experts Predict an 8X Surge for $PEPE
According to the shared chart by analyst CryptoElites, $PEPE appears to be forming a cup-and-handle-like pattern within a rising channel. This technical setup often indicates a bullish continuation, with the short-term target projected at an 8x increase from current levels.
Based on this analysis, the target price could reach approximately $0.000141989, signaling an 816.28% potential gain if the bullish trajectory unfolds as expected.
Also Read: ONDO Gains 36% from Support; Analysts Predict New $ATH Soon