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.
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