- PEPE remains stuck in a bearish pattern, with resistance preventing a breakout. Despite a 6.7% gain in the past 24 hours, market sentiment remains uncertain.
- Momentum indicators signal continued selling pressure, with the Bull Bear Power (BBP) and Awesome Oscillator (AO) flashing bearish. If PEPE fails to break $0.0000090, a drop to $0.0000065 is possible.
- A potential 245% surge is still on the table, with the Market Value to Realized Value (MVRV) ratio and bullish RSI divergence hinting at a rebound—but only if buying pressure returns and the broader market recovers.
The once-explosive meme coin, PEPE, has been caught in a brutal downtrend, struggling to reclaim its former glory. After soaring to astonishing highs, the hype has faded, leaving PEPE with a staggering 57% year-over-year loss. Despite brief moments of recovery, bearish sentiment still dominates the market. However, some technical indicators suggest a potential breakout could be brewing.
PEPE Stuck in a Bearish Pattern—But a Rebound Could Be Looming
Currently, PEPE’s price is confined within a falling wedge pattern, a structure that often signals a bullish reversal. But resistance levels have kept the token in check, preventing any decisive upward momentum.
In the last 24 hours, PEPE managed a 6.7% gain, crawling back from $0.0000078 to $0.0000082. While this mini-recovery has sparked some hope, analysts remain skeptical, noting that the broader market is still hesitant.
“PEPE’s biggest challenge right now is breaking out of the wedge formation,” a crypto analyst explained. “Even though falling wedges often result in an upside move, the lack of buying pressure makes this a tough bet.”
Momentum Weak, Sellers Still in Control
A major red flag is the Bull Bear Power (BBP) metric, which tracks the battle between buyers and sellers. Right now, PEPE’s BBP is deep in negative territory, showing that sellers still have the upper hand.
Another concerning indicator is the Awesome Oscillator (AO)—a momentum tool used to detect trend strength. With PEPE’s AO flashing red, the likelihood of continued price consolidation (or even a deeper drop) remains high. Analysts warn that unless PEPE clears $0.0000090, a plunge toward $0.0000065 could be on the horizon.
Is a 245% Rally Still on the Table?
Despite all the bearish indicators, some traders believe PEPE could be on the verge of a massive breakout. One key signal? The Market Value to Realized Value (MVRV) ratio, which has dipped into the “opportunity zone”—a level where previous price surges have begun.
Last time PEPE’s MVRV hit this level, the token skyrocketed. If history repeats itself, PEPE could see a 245% surge, reclaiming its all-time high of $0.00002830 from December.
Further supporting this bullish case, the Relative Strength Index (RSI) is flashing a bullish divergence, meaning PEPE could be approaching an oversold zone. This has traders watching closely, looking for a strong bounce in buying pressure.
Market Sentiment Holds the Key
Technical indicators might hint at a potential recovery, but PEPE’s fate ultimately depends on broader market conditions. If Bitcoin and Ethereum regain bullish momentum, PEPE could follow suit. But if uncertainty lingers, meme coins tend to suffer the most.
For now, PEPE sits at a critical juncture. A push above $0.0000090 would validate a bullish reversal, while a failure to hold support could drag it down toward $0.0000060.
What’s Next for PEPE?
Despite losing steam over the past year, PEPE still has a shot at redemption. A completed falling wedge pattern, oversold indicators, and historical MVRV levels all suggest a breakout is possible. But for that to happen, strong buying pressure is needed, along with a favorable macroeconomic environment.
At the time of writing, PEPE trades at $0.0000085, up 1.97% in the last 24 hours—a small but notable move.
For investors, the question remains: Is this a buy-the-dip moment, or just another fakeout? As crypto sentiment shifts daily, PEPE’s next move will be pivotal in determining whether it regains strength or remains stuck in the meme coin abyss.
