The weekly price diagram PEPE emphasizes repeating models that determined its market cycles over the years. According to the analysis, the token experienced a sharp correction of approximately 49.53%, which is consistent with standard postpage damage in the market of volatile cryptocurrencies.
This correction followed the ascent to the token to its record high level of 0.00002825 US dollars, reducing the price of Pepe to the level of recovery by 50% at 0.000014267 US dollars. This key level acted as a buffer against further decrease, price stabilization and alarm of the probable phase of return.
The historical data of the early 2023 and mid -2024 show that the bull rallies followed similar corrections. For example, after a 66% reduction in mid -2024, PEEP cryptocurrency was very restored, which will lead to an increase in an increase of more than 380% to its ATH over a short period.
In addition, in 2023, the token of memes experienced an even more dramatic drop by 86%, only in order to restore the picturesque 2750%, demonstrating its perspective for stretched growth. These templates suggest that the current phase can be a period of accumulation, setting the soil for another probable pulse of the ascending trend.
Can Pepe regain his ATH?
In order for Pepe cryptocurrency to restore its ATH, it will need strong market moods and an increase in the volume of trade, both of which were suppressed at the last stage of correction. However, a decrease in volume during the sale can signal a decrease in a bear pulse, indicating that the accumulation phase is underway.
Assuming that bull sentiments prevail, the token can see the revival of demand, pushing it past the resistance zone at 0.00002200 US dollars. The gap above this range will open the path to Ath Peepe about 0.000028 US dollars, and the next bull target was aligned at the level of $ 0.00003400, based on the extensions of Fibonacci.
Despite this optimistic forecast, the loss of the key support zone at the level of 50% Fibonacci is the most direct problem. The decisive break below this area can be caused by the bear continued, with subsequent critical support from 0.000010 to 0.0000078 US dollars. This will be a further decline by about 34–39% of current levels, which puts cryptocurrency in an unstable position.
Experts predict 8 -time surge for PEEPE
According to the general diagram of analysts Cryptoelites, Peepe, apparently, forms a cup with a cup and pen as part of a growing channel. This technical setting often indicates a bull continued, and the short-term goal is projected on a 8-fold increase compared to current levels.
Based on this analysis, the target price can reach approximately 0.000141989, signaling the potential growth of 816.28%, if the bull trajectory unfolds, as expected.
Also read: ONDO receives 36% of support; Analysts in the near future predict a new ATH
